Update on supports and resistances.
Resistance3 : 97.9Resistance2 : 96Resistance1 : 94.6Last Price : 92.09Pivot Point: 90Support1 : 90Support2 : 88Support3 : 86
Our preference: Long positions above 90 with targets @ 94.6 & 96 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.
*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