📊USD/JPY Price Action Update – May 2, 2025
🔹Current Price: 145.267
🔹Timeframe: 15M
📌Key Demand Zones (Support):
🟢144.758–144.800 – Minor Demand Zone (short-term reaction area)
🟢144.130–144.224 – Strong Demand Block (clean rally-base-rally structure)
📈Bullish Outlook:
USD/JPY is pulling back after a sharp rally and is now approaching key intraday demand. If price respects the 144.758 zone or dips into the stronger 144.130 area, bullish continuation toward 145.500+ remains in play.
📉Bearish Outlook:
If the price breaks below 144.130 with momentum, we may see a deeper pullback or structure shift. Watch for signs of rejection or absorption at demand zones before entering long.
⚡Trade Setup Tip:
✅Look for bullish engulfing or CHoCH in the 144.224–144.130 range
✅First target near 145.400
✅Use tight SL below demand zone for optimal R:R
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