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

Update on supports and resistances.

Resistance3:	89
Resistance2:	86.3
Resistance1:	84.5
Last:	80.85
Pivot:	84.5
Support1:	79.3
Support2:	76.5
Support3:	73.9

Pivot: 84.5



Our preference: Short positions below 84.5 with targets @ 79.3 & 76.5 in extension.



Alternative scenario: Above 84.5 look for further upside with 86.3 & 89 as targets.



Comment: the pair has struck against its declining trend line and remains under pressure.



89

86.3

84.5

80.85 (last)

79.3

76.5

73.9







*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