Update on supports and resistances.

Resistance3 : 100
Resistance2 : 97.9
Resistance1 : 96
Last Price : 93.46
Pivot Point: 90
Support1 : 90
Support2 : 88
Support3 : 86

Pivot: 90

Our preference: Long positions above 90 with targets @ 96 & 97.9 in extension.

Alternative scenario: Below 90 look for further downside with 88 & 86 as targets.

Comment: the pair is pulling back on its new support ahead of a rebound.

100
97.9
96
93.46 (last)
90
88
86



*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