The Yen is trying to hold on in face of a strong Dollar, It is trying to achieve some gains, not caring about how brutal is the Dollar treating the European currencies. The Yen managed to push the Dollar lower, to break Friday's support 93.07, and fall more than 100 pips after that, but without reaching our suggested target 91.40. The question now is: Could the Yen go on with outperforming the Dollar? In order to do so, it needs two things: to hold under the resistance 92.40 & to break the support 91.79. If we break the support 91.79 the Yen will stay in the lead in this game, and will drag the Dollar to 2 important levels 90.75 & 90.09. The latter is an important level for both the short & medium terms. On the other hand, if we break the resistance 92.40, the Yen will give up to a very strong Dollar (against other currencies), and this pair will shoot to 92.49 & 94.31.

Support:

* 91.79: important intraday level.

* 90.75: Fibonacci 50% support for the rise from Thursday's low.

* 90.09: Fibonacci 61.8% support for the rise from Thursday's low.

Resistance:

* 92.40: the top of the falling trend channel on hourly charts.

* 93.49: previous hourly resistance, very close to last Monday's top.

* 94.31: previous hourly support.