ISE FX Japanese Yen: under pressure.

 @ibtimes
on December 01 2009 9:50 AM

Update on supports and resistances.Resistance3 : 96Resistance2 : 92.4Resistance1 : 90Last Price : 86.96Pivot Point: 90Support1 : 85Support2 : 81.5Support3 : 78.5Pivot: 90Our preference: Short positions below 90 with targets @ 85 & 81.5 in extension.Alternative scenario: Above 90 look for further upside with 92.4 & 96 as targets.Comment: the pair has broken below its support and remains under pressure, the RSI is badly directed.9692.49086.96 (last)8581.578.5*USD/JPY Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the JAPANESE YEN. For details go to www.ise.com

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