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USD/JPY Index: Further Advance.
By Trading Central on February 27, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 107.5 |
| Resistance2: | 103.5 |
| Resistance1: | 100 |
| Last: | 97.66 |
| Pivot: | 91.6 |
| Support1: | 91.6 |
| Support2: | 88.5 |
| Support3: | 86 |
Our preference: Long positions above 91.6 with targets @ 100 & 103.5 in extension.
Alternative scenario: Below 91.6 look for further downside with 88.5 & 86 as targets.
Comment: the RSI is still bullish and does not show any reversal sign, the pair remains on the upside.
107.5
103.5
100
97.66 (last)
91.6
88.5
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
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