ISE FX Japanese Yen: under pressure.

By IBTimes Staff Reporter | July 14 2010 9:20 AM

Update on supports and resistances.Resistance3 : 95Resistance2 : 92Resistance1 : 90Last Price : 88.54Pivot Point: 90Support1 : 86Support2 : 83.55Support3 : 82.4Pivot: 90Our preference: Short positions below 90 with targets @ 86 & 83.55 in extension.Alternative scenario: Above 90 look for further upside with 92 & 95 as targets.Comment: the pair is posting a rebound but should strike against its resistance.95929088.54 (last)8683.5582.4*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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