Hi Boris.
It makes sense that the market can hit 100.00 big figure level but have you considered the 101.3 level? This is the next high. Assuming that the Usd/Jpy blows right pass 100.00 level, do you think this justifies enough momentum to push even higher to 101.3?
Edit: When I said blows right past it, what I meant is that a solid bullish bar.
I see that around 100.00 level is the next strong resistance. The difference between 100.00 and 101.30 is just that one takes the body of the candlesticks only and the other takes the shadow. It’s up to people’s preference on how they determine support and resistance levels. Since we’re looking at a very high time-frame, I don’t think it really that matters. Sure it has the chance to push higher to 101.30, but I don’t consider one candlestick shadow to be the basis of a good resistance level.