USDJPY Intraday Analysis 02/11/2025
Satheesh Gobi
2/11/20252 min read
Technical analysis
1. Overview of Momentum and Market Structure
Current Momentum: Bullish.
Previous Week's Performance: Bullish.
Range: 150.92 – 152.53
Expectations: Anticipating a bullish continuation within the range, targeting higher liquidity levels.
Trading Plan
Bullish Bias
Strategy:
Watch for price reactions at the following support zones for potential long entries:
151.68 (H1 Liquidity)
151.54 (H1 Liquidity)
Targets:
Primary targets: 152.53 (Extreme Liquidity).
Extended targets: 152.89 (H4 Liquidity), 153.15 (Extension), 153.70 (Weekly FVG).
For Shorts
Strategy:
Monitor price action at the following resistance levels for potential reversals:
152.53 (Extreme Liquidity)
152.89 (H4 Liquidity)
153.15 (Extension)
Confirmation:
Look for reversal patterns such as bearish engulfing candles or order block formations before entering short positions.
Targets:
Primary Target: 151.68 (H1 Liquidity) and 151.54 (H1 Liquidity).
Extended Target: 150.92 (Range Low).
Summary
The bias remains bullish within the 150.92 – 152.53 range.
Long entries are favorable around 151.68 – 151.54, with confirmation from price action.
Short opportunities may arise near or above 152.53 – 153.70 if signs of exhaustion emerge.
Use your strict money management rules to manage risks effectively.