USDJPY Daily Analysis 02/17/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bearish.
  Previous Day's Performance: Bearish.
  Range: 154.79 – 152.02

• Expectations: Price is expected to decline towards key liquidity areas, with potential buying interest at extreme levels.

Trading Plan

Bearish Bias

Strategy:

Look for short opportunities from fair value gaps (FVG) and resistance zones:

• 153.41 (H4 FVG)

• 153.89 (H4 FVG)

• 154.12 (H4 FVG)

Primary Targets:

• 152.02 (Extreme Liquidity - Range Low)

• 151.56 (H4 Liquidity)

• 150.92 (Daily Liquidity)

• 150.69 (Daily FVG)

For Long Positions

Strategy:

If price reaches key liquidity zones and shows signs of reversal, consider buying opportunities:

• 150.92 (Daily Liquidity - Strong Support Zone)

• 150.69 (Daily FVG - Potential Demand Area)

• 148.69 (Daily Liquidity - Deep Discount Level)

Buy Targets:

• 152.02 (Extreme Liquidity - First Resistance After Bounce)

• 153.41 (H4 FVG - Potential Reversal Zone)

Summary

• Bearish bias remains valid below 154.79, with downside targets at 152.02, 151.56, and 150.92.

• Potential buy opportunities exist at 150.92 and 150.69 if price finds support.

• A clean break below 150.69 could accelerate selling towards 148.69.

• Monitor price action for bearish continuation or bullish reaction at support levels.