The Dollar/Yen retreated a little bit, and consolidated around 91, but we still believe that we could see the price targeting the most important resistance for now: Fibonacci 61.8% for the short term at 91.84. But in order for it to hold to these chances, the price should hold above the 90.87 support, and not to start drifting lower and away from 91! The resistance 91.84 is the separating level between a positive & a negative medium term outlook. If price stops at or around 91.84, the odds of going back down will be enormous, and a top around here could provide us with a wonderful chance to sell for medium term. But if broken, we will see a strong jump to 92.95 and may be 93.65. Support is at 90.87, and if broken, the price will retreat to 90.26 then to the very important 89.67. We still believe that 91.84 is still the most important medium term resistance for now, while the medium term support is at 89.67.

Support:

• 90.87: important intraday level.

• 90.26: short term 50% Fibonacci level (for the rising move from 88.96).

• 89.67: the slowly rising trend line on hourly chart.

Resistance:

• 91.84: Fibonacci 61.8% for the short term, the most important resistance at all for the time being.

• 92.95: May 18th high.

• 93.65: Apr 6th low.