By Trading Central on November 19, 2010 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	89
Resistance2:	86.3
Resistance1:	84.5
Last:	83.43
Pivot:	84.5
Support1:	80.4
Support2:	79.3
Support3:	76.5

Pivot: 84.5



Our preference: Short positions below 84.5 with targets @ 80.4 & 79.3 in extension.



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



Comment: the pair is challenging its new resistance.



89

86.3

84.5

83.43 (last)

80.4

79.3

76.5







*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