USDJPY Daily Analysis 02/23/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bearish

• Current Bias: Bearish

• Range: 150.73 – 148.91

• Expectations: Price is expected to decline toward key liquidity and FVG zones before potential reversals.

Trading Plan

Bearish Bias

Strategy:
Look for sell opportunities at strong resistance and liquidity zones:

• 150.48 (H4 OB - Strong Resistance & Sell Opportunity)

• 150.18 (H4 FVG - Key Rejection Zone & Sell Setup)

• 149.74 (H1 FVG - Intraday Sell Zone & Possible Reversal Area)

Primary Targets:

• 148.91 (Extreme Liquidity - Major Target for Price Sweep)

• 148.65 (Daily Liquidity - Strong Demand Zone & Reversal Area)

• 147.23 (Monthly FVG - Deep Liquidity Grab & Final Target)

For Long Positions

Strategy:
Look for buy opportunities at strong demand and liquidity zones:

• Buy Levels:

  • 148.65 (Daily Liquidity - Strong Demand Zone for Possible Reversal)

  • 147.23 (Monthly FVG - Major Reversal & Long-Term Demand Zone)

Buy Targets:

• 148.91 (Extreme Liquidity - Short-Term Reversal Zone)

• 149.74 (H1 FVG - First Upside Target)

• 150.18 (H4 FVG - Second Upside Target)

• 150.48 (H4 OB - Final Upside Target & Strong Resistance Zone)

Summary

• Bearish momentum remains valid below 150.48, targeting 148.91, 148.65, and 147.23.

• Short setups become valid near 149.74, 150.18, and 150.48 for potential reversals.

• Buy setups become valid around 148.65 and 147.23 for potential upside movements.

• Monitor price action at FVGs and liquidity zones for confirmation.