USDJPY Daily Analysis Based on Main Key Levels - April 17, 2025

📌 Current Market Price (DCMP): 142.829

Key Price Structure

Resistance (Above Price):

🔥 142.889 - Immediate resistance

🔥 143.904 - Strong resistance

🔥 144.603 - Weekly pivot sell zone

Support (Below Price):

🛡️ 142.262 - Intraday equilibrium

🛡️ 142.223 - Critical weekly support

🛡️ 141.635 - Next demand zone

Swing Levels:

↗️ Swing High: 151.306

↘️ Swing Low: 148.174

Trade Setup 1: Intraday Buy

🎯 Entry: 142.223 (Weekly support)

⚠️ Stop Loss: Below 141.900

💰 Take Profit 1: 142.889

💰 Take Profit 2: 143.277

Technical Confluence:

Bullish hammer forming on 4H chart

38.2% Fibonacci retracement support

Trade Setup 2: Intraday Sell

🎯 Entry: 144.603 (Weekly pivot resistance)

⚠️ Stop Loss: Above 145.000

💰 Take Profit 1: 143.904

💰 Take Profit 2: 142.889

Technical Confluence:

Bearish MACD histogram divergence

Price rejection at 61.8% Fib extension

Technical Snapshot

Momentum: RSI at 48 (neutral with bearish bias)

Price Action: Testing 142.262 daily pivot

Key Levels: 142.223-142.889 immediate range

Risk Management Notes

🔹 Tight 20-pip stops recommended due to BoJ intervention risks

🔹 Monitor US 10Y yields for directional cues

🔹 Avoid trading during Tokyo/London session overlap