12 dic 2020 Evening Traders, Today’s analysis – USDJPY- tested long liquidity with a bounce probable towards Daily S/R, Points to consider, - Price Action Impulsive - Local S/R Support (Long Liquidity tapped) - Daily S/R Resistance (.618 Fibonacci Confluence) - Climatic Volume USDJPY’s immediate price action is impulsive above long liquidity and Local S/R, this allows for a bullish bias. The Daily S/R is current objective which is also in confluence with the .618 Fibonacci, a rejection here is probable. The RSI is trading in its bearish control zone, remaining in these levels is indicative of weakness. The volume profile has a climatic node, indicative of a temporary bottom being set, follow through will be critical. Overall, in my opinion, USDJPY is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work! And remember, “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore