USDJPY Daily Analysis 03/05/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bullish

• Current Bias: Bullish

• Range: 148.08 – 150.17

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

Trading Plan

Bullish Bias

Strategy:
Look for long positions at key liquidity zones:

• Buy Levels:

  • 149.00 (H1 Liquidity - Key Demand Zone & Potential Reversal Area)

  • 148.61 (H1 FVG - Institutional Buying Zone & Liquidity Grab Area)

Primary Targets:

• 150.17 (Extreme Liquidity - First Major Upside Target & Resistance Zone)

• 150.58 (H1 FVG - Supply Zone & Institutional Selling Area)

• 150.93 (H1 FVG - Major Resistance & Potential Profit-Taking Zone)

• 151.11 (H1 FVG - High Probability Sell Zone & Distribution Area)

For Short Positions

Strategy:

• Look for sell opportunities at key resistance levels for potential pullbacks:

  • 150.93 (H1 FVG - Strong Resistance & Institutional Selling Zone)

  • 151.11 (H1 FVG - Distribution Zone & Stop Hunt Area)

  • 151.30 (H1 Liquidity - Extreme Resistance & Possible Reversal Point)

Sell Targets:

• 150.17 (First Downside Target)

• 149.51 (H1 FVG - Retest Zone for a Bullish Continuation)

• 149.00 (H1 Liquidity - Potential Reversal & Buy Area)

• 148.61 (H1 FVG - Strong Demand & Buy Entry Zone)

Summary

• Bullish sentiment with buy setups at 149.00 and 148.61, targeting 150.17, 150.58, 150.93, and 151.11.

• Sell opportunities at 150.93, 151.11, and 151.30, targeting 150.17, 149.51, 149.00, and 148.61.

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