📊USD/JPY Price Action Update – April 24, 2025
🔹Current Price: 142.657
🔹Timeframe: 30M
📌Key Resistance Levels:
🔴143.685 – Major Intraday Resistance
🔴142.970 – Minor Structure Resistance (watch for breakout/rejection)
📌Key Demand Zones (Support):
🟢141.672–141.773 – Recent Bullish Breaker Block (potential reaction zone)
🟢139.635–140.722 – Higher Timeframe Demand Zone (strong support and reversal base)
📈Bullish Outlook:
Price is consolidating just below the 142.970 resistance level after a strong bullish rally. A clean breakout above this level could lead to a move toward 143.685. For safer buys, wait for a retest of the 141.672–141.773 zone.
📉Bearish Outlook:
If price rejects from the 142.970 level and breaks below 141.672, expect a deeper correction toward the 139.635–140.722 HTF demand. Monitor for bearish structure shifts or strong rejections near resistance zones.
⚡Trade Setup Tip:
✅Wait for a breakout + retest or confirmation candle
✅Use the 141.672 zone for possible long entries
✅Control risk around key levels with clear invalidation points
#USDJPY #ForexAnalysis #SmartMoneyConcepts #PriceAction #SupplyAndDemand #IntradaySetups #TechnicalAnalysis #FXFOREVER #MarketUpdate #JPY #YenTradeSetup
🔹Current Price: 142.657
🔹Timeframe: 30M
📌Key Resistance Levels:
🔴143.685 – Major Intraday Resistance
🔴142.970 – Minor Structure Resistance (watch for breakout/rejection)
📌Key Demand Zones (Support):
🟢141.672–141.773 – Recent Bullish Breaker Block (potential reaction zone)
🟢139.635–140.722 – Higher Timeframe Demand Zone (strong support and reversal base)
📈Bullish Outlook:
Price is consolidating just below the 142.970 resistance level after a strong bullish rally. A clean breakout above this level could lead to a move toward 143.685. For safer buys, wait for a retest of the 141.672–141.773 zone.
📉Bearish Outlook:
If price rejects from the 142.970 level and breaks below 141.672, expect a deeper correction toward the 139.635–140.722 HTF demand. Monitor for bearish structure shifts or strong rejections near resistance zones.
⚡Trade Setup Tip:
✅Wait for a breakout + retest or confirmation candle
✅Use the 141.672 zone for possible long entries
✅Control risk around key levels with clear invalidation points
#USDJPY #ForexAnalysis #SmartMoneyConcepts #PriceAction #SupplyAndDemand #IntradaySetups #TechnicalAnalysis #FXFOREVER #MarketUpdate #JPY #YenTradeSetup
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.