The falling trend line from 94.77 frustrated another attempt for the Dollar-Yen to rise, stopping it at 93.59. Then we saw the price obey the trend line and dropped almost 100 pips, entering the 92 areas. The thing is that, the technical outlook has not changed for days. We are still trading very slowly in a correction to the up move which topped at 94.77, which is a correction that managed to reach its first target at 92.85. We are still watching for any other technical evidences to decide whether this correction has finished at Fibonacci 38.2% or that it is still going and will soon target Fibonacci 50% & 61.8% levels. Support is at 92.26 and in case it is broken, the price will continue its drop from 94.77 (the correction), and will target the most important support for the short term (and may be the medium term as well) 91.66, and if broken we will target 91.07 as a modest target for such a break on the way to lower targets. As for the resistance it is at 93.26, and breaking it would indicate that we are back to the 94areas after completing a modest correction, and we will target 94.07 & 95.05.

Support:

* 92.26: Fibonacci 50% for the rise from 89.74.

* 91.66: Fibonacci 61.8% for the rise from 89.74, a very important support for the short term.

* 91.07: Mar 12th high.

Resistance:

* 93.26: the falling trend line from 94.77 on hourly chart.

* 94.07: important intraday support/resistance.

* 95.05: Aug 24th high.