USD/JPY Day Trading Analysis With Volume Profile

On USD/JPY , it's nice to see a strong buying reaction at the price 145.620.

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.

The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.


Happy trading

Dale