“The door of resistance” …. hmmm … I like that. Might have to use it again. Or, maybe not.
Its 7am in Tokyo and early indications are still buyers about in USD/JPY (I’ll have more order info soon).
The resistance is right here,so there is still 2-way business to be done, but there are short-term stop-loss buys lurking just a little higher.
99.00 and just below, though, is still selling, which is holding at present. Support 98.30/40.
Here’s the short-term (hourly chart), but don’t ignore the longer term chart view (not shown):
