Yesterday's selloff to 88.17 on active cross buying in yen suggests the decline from last week's high at 90.78 to retrace recent upmove would extend weakness to 88.00 and possibly towards 87.50/60, however, anticipated oversold readings on hourly oscillators should keep price above 86.95/00 and risk has increased for a rebound later.  
  
On the upside, above resistance at 89.17 would abort this bearish scenario and yield gain towards 89.70 (previous support)...