It seemed the price was going back to 88 yens per dollar at the beginning of the week, but that didn't happen. The price rebounded at 89.00 and went to 90. Right now, it has already broken 91.00. The fibo 61.8 of the short movement from September 21st to October 7th was lost. It seems this was the last opportunity for the yen traders to build a good resistance. Now, the price will try to hit its last barrier, 91.534, before it corrects all the movement. Remember that on the 23rd and 24th of September the price rebounded at that level. Finally, the medium term trend is still short and 91.8 could be a good target for the bulls.
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