USD/JPY Range-Bound – Liquidity Building Below 147.00 Zone
📌 Analysis:
The daily chart of USD/JPY is forming a classic Smart Money compression structure just above a demand zone:
- Price is consolidating tightly above the 146.00 demand zone, with multiple minor BOS/CHoCH, indicating accumulation or distribution.
- The Equal Low (EQL) and tight range below 147.00 show liquidity buildup which smart money could use to fake-out or trap traders.
- The bullish BOS before the current range implies buyers are still present, but the market is lacking momentum.
- A Strong Low is located near 141.00, offering a longer-term downside invalidation if the zone breaks.
- On the upside, multiple supply zones are layered above:
- 150.00 – 151.50
- 153.00 – 154.50
- 157.50 – 159.50 (final target if expansion occurs)