USD/JPY - Multi timeframe breakdown🔎 Weekly View (Macro Bias)
Trend: Long-term structure is still bullish, but the most recent weekly close reacted strongly from supply.
Demand Zones: Price is hovering above a weekly demand block around 145.0 – 146.0, which aligns with prior structure.
Implication: We could see a deeper retracement into weekly demand before the pair makes another attempt higher.
📉 Daily View (Intermediate Bias)
Shift in Sentiment: Daily chart shows a clear bearish structure, with lower highs and a supply rejection around 151.2.
Liquidity Map:
Sell-side liquidity sits below 146.0.
Buy-side liquidity rests above 151.0–152.0.
Key Demand: Daily demand zones between 144.5 – 146.0 are holding price for now.
Implication: Market is ranging. Bears have momentum, but if demand continues to hold, buyers may attempt a reversal toward 150+.
⏱ 8H View (Execution Frame)
Structure: Strong liquidity sweep into daily demand, followed by a bounce.
Supply vs. Demand:
8H supply zones are capping rallies (148.5 – 149.5).
8H demand zones at 146.0 – 146.5 remain intact.
Note: The repeated retests suggest buyers are losing interest, but demand has not fully broken yet.
📊 1H View (Fine-Tuned Entry)
Confluence Zone: Price reacted strongly from the 71% fib retracement and supply rejection.
Support: Strong support seen at 146.0–146.5, aligned with daily demand.
Resistance: Multiple layers of resistance at 148.5, 150.0, and 151.2.
✅ Trade Outlook
Preferred Setup:
Option 1 (Bullish Reversal): Look for longs from 146.0–146.5 daily demand into 150–151.2 liquidity.
Option 2 (Bearish Continuation): If 146.0 breaks clean, expect continuation toward 144.0 – 143.0 (deeper weekly demand).
Bias: Currently neutral-to-bearish unless demand proves strong. Bulls need a confirmed break above 148.5–149.5 supply to flip bias back to bullish.
