The Dollar-Yen retreated from this week's top 94.34 back to 93.72, pips above the important resistance which was broken on Friday 93.62. With the break of this important resistance, after days of waiting, it immediately turned into the most important support. It is crucial for the Dollar to preserve gains and hold above this support/resistance in order to achieve more gains. If we hold above it, the price will have another chance to rise, which is a rise that should go through the 94.18 gate, the most important intraday resistance. If this one is also broken, we will reach the 95 areas for the first time since August, since the targets for such a break are 95.05 & 95.90. But if the price goes back to trade under 93.62, it will go back to its favorite hobby of breaking & retreating. The targets for such a retreat will be the very important 92.56, which is provided by the rising trend line from 88.12. Breaking this line will see us fall to 91.89.

Support:

* 93.62: the previous important resistance, and the rising trend line from Apr 19th bottom on intraday charts.

* 92.56: the rising trend line from 88.12 on hourly chart.

* 91.89: last Friday's low.

Resistance:

* 94.18: the falling trend line from this week's top 94.34 on the intraday charts.

* 95.05: Aug 24th high.

* 95.90: Jul 29th low.