Pivot: 102.5
Our preference: Short positions below 102.5 with targets @ 96.5 & 93.6 in extension.
Alternative scenario: Above 102.5 look for further upside with 105 & 107.5 as targets.
Comment: the RSI is bearish and called for further decline, the pair should reach its next support.
107.5105102.598.06 (last)96.593.691.6
*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
Our preference: Short positions below 102.5 with targets @ 96.5 & 93.6 in extension.
Alternative scenario: Above 102.5 look for further upside with 105 & 107.5 as targets.
Comment: the RSI is bearish and called for further decline, the pair should reach its next support.
107.5105102.598.06 (last)96.593.691.6
*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
Resistance3:107.5
Resistance2:105
Resistance1:102.5
Last:98.06 Pivot:102.5
Support1:96.5
Support2:93.6
Support3:91.6
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