Update on supports and resistances.
Resistance3 : 100
Resistance2 : 96
Resistance1 : 92.4
Last Price : 90.06
Pivot Point: 92.4
Support1 : 86
Support2 : 81.5
Support3 : 78.5
Our preference: Short positions below 92.4 with targets @ 86 & 81.5 in extension.
Alternative scenario: Above 92.4 look for further upside with 96 & 100 as targets.
Comment: the RSI is capped by a MT declining trend line, the pair is rebounding but should strike against its resistance.
*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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