Update on supports and resistances.

Resistance3 : 103.5
Resistance2 : 100
Resistance1 : 96
Last Price : 92.65
Pivot Point: 88
Support1 : 88
Support2 : 86
Support3 : 81.5

Pivot: 88

Our preference: Long positions above 88 with targets @ 96 & 100 in extension.

Alternative scenario: Below 88 look for further downside with 86 & 81.5 as targets.

Comment: the pair has broken above its bearish channel upper boundary and should post a further up move.

103.5
100
96
92.65 (last)
88
86
81.5



*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