The Dollar/Yen broke the support specified in yesterday's report 94.56, and successfully reached the first suggested target 93.91, and stopped halfway to the second target 93.30. What is more important than this is that the price has broken both the rising trend line from 92.80 & 91.58. This very important event has turned the technical outlook negative. Thus, we expect the sliding to go on for another day, but it needs to go through the 93.62 gate. If his support is broken, everything will go ok for the downtrend, and the next set of targets will be 92.97 & the important 92.13. On the other hand, the most notable resistance is at 94.01, we do not expect it to be broken at this stage, such a break would make a "small surprise". But, if this surprise actually happens, a strong jump will take us to 95.05 at least, and may be later 95.90.

Support:

* 93.62: intraday support.

* 92.97: Apr 28th low.

* 92.13: Apr 19th top.

Resistance:

* 94.01: the retest level for the broken trend channel..

* 95.05: Aug 24th high.

* 95.90: Jul 29th low.