Update on supports and resistances.
Resistance3:
88
Resistance2:
86.3
Resistance1:
84.7
Last:
84.32
Pivot:
84.7
Support1:
81
Support2:
79.5
Support3:
78.25
Pivot: 84.7
Our preference: Short positions below 84.7 with targets @ 81 & 79.5 in extension.
Alternative scenario: Above 84.7 look for further upside with 86.3 & 88 as targets.
Comment: the pair is pulling back on its new resistance ahead of a weakness.
88
86.3
84.7
84.32 (last)
81
79.5
78.25
*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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