Dollar-Yen broke the resistance 89.72 and reached the first target 90.08 successfully. This continuation in rising was a result of breaking the falling trend line from 90.75. With this break, the Dollar has gained a technical advantage that should give it the strength to go on.

But to keep this advantage, the price should hold above the broken trend line which is currently at 89.13. And before that, we have the short-term support at 89.87, breaking it is the key to a retest of the broken line, targeting 89.13, and if this one is broken we could see a sharp drop to the important Fibonacci support 87.87. On theother hand, the resistance 90.40 is resistance of the day, and breaking it will indicate ability to continue going up, targeting the well known 90.90 first, and then November 4th top 91.31.

Support:

• 89.87: short-term support.

• 89.13: the retest level of the broken trend line.

• 87.78: Fibonacci 50% for the whole move from 84.81 to 90.75.

Resistance:

• 90.40: previous well known support/resistance area.

• 90.90: previous well known support/resistance area.

• 91.31: Nov 4th top.