USD/JPY rejection of lower prices

٢٥ نوفمبر

On USD/JPY , it's nice to see a strong buying reaction at the price of 153.790.

There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.

Fair Volume Gap (FVG) and high volume cluster are the main reasons for my decision to go long on this trade.


Happy trading

Dale