USDJPY Live Market Analysis (M30) USDJPY is currently trading around
157.24, and overall price action remains
bullish, supported by a clear shift in market structure. Earlier on the chart, price formed a
CHOCH (Change of Character) after a sharp bearish move, indicating that sellers were losing control. This was followed by a
BOS (Break of Structure) to the upside, confirming that buyers had stepped in and the short-term trend had shifted bullish. After the BOS, price went into a corrective phase and formed a series of
higher lows, which is a strong sign of accumulation rather than distribution. The market respected internal demand zones and continued printing impulsive bullish candles, showing strength in buyers. This behavior suggests that smart money is still positioned on the long side. Currently, price has pushed back into a
previous supply / premium zone marked on the chart (the red shaded area). This zone previously caused a rejection, so it is a
key reaction area. However, price is now approaching it with momentum, not weakness. The presence of strong bullish candles into resistance often hints at a potential
liquidity grab above equal highs before any meaningful pullback. The projected setup on your chart shows price tapping liquidity above
157.30–157.38, which aligns with the
buy-side liquidity resting above recent highs. If this liquidity is taken, a short-term pullback toward discounted levels becomes highly probable.
Trade Setup (Sell Bias – Intraday) Sell Entry Zone: 157.30 – 157.38 (After liquidity sweep or rejection candle confirmation)
Stop Loss: Above 157.55 (Above the high and supply zone for safety)
Take Profit 1: 156.90
Take Profit 2: 156.60
Extended Target: 156.52 (major demand zone) This setup offers a
solid risk-to-reward, as price is selling from premium levels after a liquidity grab. The large green projected move on your chart reflects a potential bearish retracement toward strong demand.
Alternative Scenario If USDJPY
breaks and closes strongly above 157.40 with continuation volume, the sell idea becomes invalid. In that case, price may continue toward
157.70–158.00, and waiting for a pullback buy would be safer than forcing shorts.
Conclusion USDJPY is bullish in structure but currently trading at
premium supply and liquidity levels. The best approach is
patience—wait for confirmation at the highs. A rejection from this zone favors a
short-term sell, while a clean breakout shifts bias back to buys. Trade the reaction, not the prediction.
