USDJPY Daily Analysis 02/28/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bullish

• Current Bias: Bullish

• Range: 148.55 – 150.16

• Expectations: Price is expected to rise, targeting key liquidity levels and fair value gaps (FVGs).

Trading Plan

Bullish Bias

Strategy:
Look for buying opportunities at key support and liquidity zones:

• Buy Levels:

  • 149.09 (H1 Liquidity - Strong Demand & Initial Support Zone)

  • 149.01 (H1 FVG - Fair Value Gap & Possible Reversal Zone)

Primary Targets:

• 150.16 (Extreme Liquidity - Key Resistance & Profit-Taking Zone)

• 150.70 (H4 Liquidity - Strong Supply & Reversal Area)

• 151.23 (Daily FVG - Major Resistance & High Liquidity Zone)

For Short Positions

Strategy:

• Look for potential reversals at major resistance levels for selling opportunities:

  • 150.70 (H4 Liquidity - Strong Supply Zone & Rejection Area)

  • 151.23 (Daily FVG - Major Reversal Zone & Extreme Liquidity Grab Area)

Sell Targets:

• 150.16 (Previous day High and First Bearish Target)

• 149.09 (H1 Liquidity - Retest Zone & Profit-Taking for Shorts)

Summary

• Bullish sentiment with long setups at 149.09 and 149.01, targeting 150.16, 150.70, and 151.23.

• Short opportunities may arise at 150.70 and 151.23, targeting 150.16 and 149.09.

• Monitor price action for liquidity grabs and order flow confirmation before executing trades.