The Dollar-Yen kept trading above the important support 89.69 all through the past 24 hours, and it rose breaking the resistance 90.26, and as we expected reached a new weekly high at 90.80, only 4 pips below our suggested target. With this obvious penetration of 90.60, the Dollar is in a good position to achieve more gains, since the technical plea in favor of the Yen (which is stopping accurately at a Fibonacci resistance level) is no longer there.

This advancement which reached 90.80 so far, is invited to hold above short term support 90.06, in order to achieve more gains. The resistance is at 90.60, and if broken, USDJPY will jump strongly, targeting 91.60, and then 92.31. IF the support is the level which will give way, this would be an indication that yesterday's rise has shown all that it could, and the pair will slip again towards 89.33, and may be the important bottom 88.53.

Support:
* 90.06: Fibonacci 61.8% for the short term.
* 89.33: Jan 26th low.
* 88.53: Feb 4th important bottom.

Resistance:
* 90.60: Fibonacci 61.8% for the drop from 92.13.
* 91.60: Oct 29th high.
* 92.31: Oct 26th high.