By Trading Central on September 3, 2010 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	92
Resistance2:	89
Resistance1:	87.5
Last:	84.45
Pivot:	87.5
Support1:	83.55
Support2:	82.4
Support3:	79.3

Pivot: 87.5



Our preference: Short positions below 87.5 with targets @ 83.55 & 82.4 in extension.



Alternative scenario: Above 87.5 look for further upside with 89 & 92 as targets.



Comment: the pair is capped by a declining trend line and is breaking below its support.



92

89

87.5

84.45 (last)

83.55

82.4

79.3







*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