ISE FX Japanese Yen: the upside prevails.

By IBTimes Staff Reporter | April 20 2010 9:20 AM

Update on supports and resistances.Resistance3 : 100Resistance2 : 97.9Resistance1 : 96Last Price : 92.87Pivot Point: 90Support1 : 90Support2 : 88Support3 : 86Pivot: 90Our 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 stands within a bullish channel and is rebounding on its support as the RSI is turning up.10097.99692.87 (last)908886*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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