USDJPY

Hello traders ! The USDJPY pair is experiencing a retracement within a bullish market structure, suggesting a continuation of the upward trend. The price is currently reacting at a level that was previously a support but now acts as resistance, indicating a key area of market focus. This reaction at the former support level, now resistance, is driving the price higher, potentially pushing it above areas of high liquidity. This movement above liquidity zones signifies strong buying pressure and suggests that the bullish momentum is likely to continue.