For another day, Dollar-Yen frustrated our hopes for a big move, and stayed another day trading in very tight ranges, and very boring ones! We have not had our major move until now. But this very limited activity should come to an end soon, and a trend will be born, which will bring back some excitement to this pair, after a very boring week. Thus, we will await a break of the support or resistance of the day, and in case we get one, we expect to see a sizeable move in the direction of the break. Our eyes will be on the support 89.83, and breaking it would enhance chances of a drop in the first of this week, targeting 89.22, and then the all important Fibonacci medium & long term support 88.23. The resistance is at 90.22, and breaking it would target 91.14, and then what could be the most important resistance for short term 91.76.

Support:

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

* 89.22: last Friday's 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.