USDJPY Daily Analysis 03/04/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bearish

• Current Bias: Bearish

• Range: 151.30 – 148.59

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

Trading Plan

Bearish Bias

Strategy:
Look for short positions at key resistance and supply levels:

• Sell Levels:

  • 150.13 (H1 FVG - Short Entry at Fair Value Gap & Resistance Zone)

  • 150.33 (H4 FVG - Higher Timeframe FVG & Institutional Selling Area)

  • 150.58 (H1 FVG - Possible Rejection Area for Shorts)

  • 150.93 (H1 FVG - Strong Resistance & Potential Liquidity Grab Before Drop)

Primary Targets:

• 148.59 (Extreme Liquidity - Major Downside Target & Institutional Demand Zone)

• 147.21 (Monthly FVG - Key Support & Final Bearish Target)

For Long Positions

Strategy:

• Look for buy opportunities at key support levels for potential reversals:

  • 148.59 (Extreme Liquidity - Strong Demand & Institutional Buying Zone)

  • 147.21 (Monthly FVG - Key Higher Timeframe Support for a Reversal)

Buy Targets:

• 150.13 (H1 FVG - First Upside Target in Case of Rebound)

• 150.33 (H4 FVG - Key Resistance & Final Bullish Target)

Summary

• Bearish sentiment with sell setups at 150.13, 150.33, 150.58, and 150.93, targeting 148.59 and 147.21.

• Buy opportunities at 148.59 and 147.21, targeting 150.13 and 150.33.

• Monitor price action at key FVGs and liquidity levels before entering trades.