USDJPY Engineers Longs with Liquidity Above Market Inefficiency

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Market Analysis – July 21

The USDJPY currency pair has recently provided intriguing insights into the actions of large market players, commonly referred to as whales. These institutional participants have left distinct footprints, influencing the current market ascent that originated from a liquidity level resting just below 138.420.

Key Levels for USDJPY

• Demand Levels: 140.000, 138.420, 137.230
• Supply Levels: 143.000, 145.000, 150.000

USDJPY Long-Term Trend: Bullish

At first glance, what seemed to be a bearish breakout was actually a clever manoeuvre to trigger sell stops from selling participants, ultimately facilitating an opportunity for whales to accumulate long positions. As a result of this tactical move, the price experienced a rapid crash from 145.000, marked by six consecutive days of downward closes. Interestingly, the Williams Percent Range indicator effectively foretold this price decline before it unfolded. The swift descent found support at a significant market inefficiency level of around 137.230.

Upon reaching the price point of 137.320, as indicated by the Williams Percent Range, the market exhibited a strong willingness to rally. This bullish reversal played out successfully, catching many traders by surprise. Currently, the USDJPY market is on an upward trajectory, making its way towards the supply level at 143.000.

As traders analyze this situation, it becomes evident that the market is orchestrated by strategic moves of key players seeking to capitalize on liquidity imbalances and market inefficiencies. Recognizing these patterns and identifying levels of demand and supply becomes crucial in understanding potential price movements.

USDJPY Short-Term Trend: Bullish

With the USDJPY demonstrating such orchestrated movements, traders must exercise caution and conduct thorough technical analysis. In conclusion, the USDJPY currency pair offers a fascinating glimpse into the influence of whales and their role in engineering long positions through well-timed moves. The market ascent, initiated from liquidity resting below 138.420, highlights the importance of understanding key levels and market inefficiencies.

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