USDJPY Daily Analysis 02/21/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bullish

• Current Bias: Bearish

• Range: 152.30 – 149.27

• Expectations: Price is expected to decline towards liquidity zones before potential reversals.

Trading Plan

Bearish Bias

Strategy:
Look for sell opportunities from key resistance and supply zones:

• 150.83 (H1 FVG - Short-Term Supply Zone & Possible Rejection Level)

• 151.23 (Daily FVG - Institutional Supply & Resistance Zone)

• 151.38 (H4 FVG - Key Reversal Area)

Primary Targets:

• 149.82 (H4 FVG - First Major Demand Zone & Possible Reversal Point)

• 149.63 (H4 FVG - Key Liquidity Grab Zone)

• 149.27 (Extreme Liquidity - Strong Support & Potential Bounce Zone)

• 148.63 (Daily Liquidity - Deep Liquidity Pool & Institutional Buy Zone)

For Long Positions

Strategy:
Look for buy opportunities at strong demand levels:

• Buy Levels:

  • 149.27 (Extreme Liquidity - Strong Support & Potential Bounce Zone)

  • 148.63 (Daily Liquidity - Institutional Buy Area & High-Probability Reversal Zone)

Buy Targets:

• 150.83 (H1 FVG - First Upside Target & Resistance Level)

• 151.23 (Daily FVG - Key Rejection & Distribution Zone)

• 151.38 (H4 FVG - Institutional Supply Zone & Potential Short Setup)

Summary

• Bearish bias remains valid below 151.38, targeting 149.82, 149.63, 149.27, and 148.63.

• A clean break below 149.27 (Extreme Liquidity) may accelerate further downside movement.

• Long setups become valid near 149.27 and 148.63 for potential rebounds.

• Monitor price action at FVGs and liquidity zones for trade confirmations.