The pair performed yesterday a large short movement, losing the psychological support at 90.00 yens per dollar, finding a good support today at the fibo 61.8, marked from 87.375 to 93.766. The price will try to rebound from here and regain 90.785. From the one hour chart, we see the price is correcting yesterday's strong movement, where we marked a fibo from today's high to low. We see that the retracements coincide with significant resistances, that will send the price back to marking new intraday lows. Above, we also have the intraday high, at 90.483. Below, losing the fibo 61.8 would be significant and we could see, in the next days/weeks, the price going back to the origin of the movement at 87.375. Still, for today, we leave you with these two supports, at 89.73 and 89.536, levels to be watched carefully.

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