USDJPYDailyBullish
USDJPY daily (SMC): buy 157.26–157.90 targeting liquidity above 158.77
FXFibo editorial · · 1 min readSummary
A bullish daily CHoCH printed at 158.35, and highs near 158.5–158.77 hold buy-side liquidity. Japanese intervention risk above 158 is real.
BiasBullishEntry zone157.60Stop loss156.90Target 1158.95Target 2159.63StatusActive
Invalidation: Daily close below 156.96
Main scenario
- Structure: bullish CHoCH at 158.35 after the 156.96 low
- Buy zone: bullish order block at 156.96–157.90 and the 157.26 lows
- Targets: 158.95 and the bearish FVG at 158.97–159.63
- Risk: trade smaller given intervention risk
Alternative scenario
A close below 156.96 or official intervention could quickly send price back to 156.08 and 155.30.
Key levels
- Resistance: 158.77, 158.95, 159.63
- Support: 157.90, 157.26, 156.96
Market-moving events
- Tue 10 Nov: US CPI
- Thu 12 Nov: UK GDP and US jobless claims
- Fri 13 Nov: US PPI and euro-area GDP
⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.