The Dollar-Yen approached the magnetic resistance 90.78 once again on Friday, as the daily high formed only 8 pips below it. The price did not move much afterwards, in a price behaviour reminding us of the boredom which we lived with this pair recently. Last week, we adjusted the lines that frame the current area, to make the upper limit at Monday's & Thursday's top 90.78, which is very close to last Wednesday's top 90.80, and close to Friday's top 90.70. The lower limit is provided by the rising trend line from 89.61 on the hourly chart, which has been tested several time, before being broken. This line is currently at 90.33. In case we break the magnetic resistance 90.78 we will see the Dollar take control, and drive this pair higher, as we see it targeting the important 91.60 first, then 92.31 which is important as well. But in case we broke the rising trend line at 90.33, the price will resume yesterday's fall which halted at 89.74, confirming the negative technical outlook which we cheered for all this week. This fall is expected to target 89.37 & 88.53.

Support:

* 90.33: the rising trend line from 89.61 on the hourly chart.

* 89.37: Mar 2nd low

* 88.53: Feb 4th low.

Resistance:

* 90.78: Monday's high.

* 91.60: Oct 29th high.

* 92.31: Oct 27th high.