Yesterday, Dollar-Yen did not break the support or resistance specified in the report, but it did break 89.83 during the Asian session. This break holds a lot of importance for the short term, since it is a break for the hourly trend line rising from the important bottom 88.53. Thus we will await a break of the Asian session low 89.70 to confirm the break of this trend line, and breaking it would enhance chances of a drop in the coming hours, targeting 89.12, and then the all important Fibonacci medium & long term support 88.23. The resistance stays at 90.22, and the negative technical outlook will not change unless we decisively break this resistance. If this break happens, we would target the important Fibonacci levels 91.14, and then what could be the most important resistance for short term 91.76.

Support:

* 89.70: the rising trend line from 88.53 on hourly charts.

* 89.12: Jan 27th low.

* 88.23: Fibonacci 61.8% for the whole move from 84.81 to 93.75.

Resistance:

* 90.22: Fibonacci 61.8% for the drop from 91.26 to 88.53.

* 91.14: Fibonacci 50% for the whole drop from 93.75.

* 91.76: Fibonacci 61.8% for the whole drop from 93.75.