USD/JPY: get ready for the pump
Those who have played Fortnite know how powerful the Pump Shotgun is in the game. But do you know what is more powerful? The pump that we are gonna experience on USD/JPY!
Having spiked below the local crucial area of support that is plotted on the chart, the price has formed a valid bottom and is now ready to start its bullish impulses to the upside. Hence, without further ado, we are looking forward to entering long positions and aiming for the area highlighted on the graph (the zone of previous support now turned into resistance that aligns with the 50% Fibonacci retracement level).
Having spiked below the local crucial area of support that is plotted on the chart, the price has formed a valid bottom and is now ready to start its bullish impulses to the upside. Hence, without further ado, we are looking forward to entering long positions and aiming for the area highlighted on the graph (the zone of previous support now turned into resistance that aligns with the 50% Fibonacci retracement level).
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