USD/JPY 10.02.2009

Date: 2009/02/10
Time: 07:33 (GMT +2)
Ticker: JPY
Last: 91.38
Pivot: 91
1st sup. 91
2nd sup. 90.75
3rd sup. 90.25
1st res. 91.75
2nd res. 92.25
3rd res. 92.6

Title: USD/JPY intraday: limited upside.
Summary: Update on supports and resistances.
Story: Pivot: 91.00.

Our Preference: LONG positions @ 91.07 with targets @ 91.75 & 92.25.

Alternative scenario: The downside breakout of 91 will open the way to 90.75 & 90.25.

Comment: the pair should rebound on its wide bullish channel lower boundary, the RSI is turning up.

Trend: ST Ltd Upside; MT Range

Key levels Comment

92.6** Intraday resistance
92.25** Intraday resistance
91.75** Intraday resistance
91.38 Last
91** Intraday pivot point
90.75** Intraday support
90.25** Intraday support