USDJPY - 107.00 zone is still resistance.

The USDJPY will only show strength when the US Dollar weakness is ending. Here we can see how a dip into this 107.00 area shows renewed supply. But my expectation is that this is done to remove the supply from this area deliberately - if there would be real selling going on we would have seen strong continuation moves to the downside. The real sellers might have already sold - now it is a slow churning process until the sentiment for the US Dollar turns. Just an idea and for educational purposes only :-)