LIQUIDITY MATRIX
USD/JPY · USDJPY · H4 · updated Mon 19 Oct 00:00 UTC

Where the stops sit in USD/JPY right now

Last price 157.774 · candle of Sun 18 Oct 21:00 UTC

Highs above and lows below the last price that have not been traded through since they formed. Stops usually rest just beyond them. Found by code on real candles (MetaTrader).

Previous day high158.340Fri 16 Oct
Previous day low157.694Fri 16 Oct
Week high158.113Mon 19 Oct
Week low157.773Mon 19 Oct
USDJPY H4 chart: above 158.340; above 158.949; below 157.520 – 157.583; below 156.376; below 155.337
SideLevelFormedWhy it matters
Above158.340Fri 16 OctFriday's high, not traded through yet: the nearest pool of buy stops.
Above158.949Wed 14 OctA swing high from Wed 14 Oct, not traded through since.
Below157.520 – 157.5838 Oct · 8 Oct · 15 OctPrice reached this zone 3 times and no candle closed below 157.520. Sell stops sit below it.
Below156.376Wed 30 SepA swing low from Wed 30 Sep, not traded through since.
Below155.337Thu 17 SepA swing low from Thu 17 Sep, not traded through since.

Two scenarios to watch — not a prediction

Sweep above

Price runs up to 158.340, then 158.949. Watch whether it closes back below (a sweep that fails to hold) or keeps closing above (a breakout that has to be respected).

Sweep below

Price runs down to 157.520 – 157.583, then 156.376, then 155.337. Watch whether it closes back above (stops taken, buyers return) or keeps closing below (the move continues).

Sessions: Asia · London · New York

Each session's high and low is a pool of stops. Which ones were already taken, and did price reject them (closed back inside) or accept them (held beyond)? Now: Asia.

SessionHighWhat happenedLowWhat happened
Fri Asia
00:00–07:00 UTC
158.185taken Fri 16:30 UTC by New York · rejected (closed back inside)157.796taken Fri 13:45 UTC by New York · rejected (closed back inside)
Fri London
07:00–12:00 UTC
158.092taken Fri 13:15 UTC by New York · rejected (closed back inside)157.821taken Fri 13:45 UTC by New York · rejected (closed back inside)
Fri New York
12:00–21:00 UTC
158.340untouched — stops still there157.694untouched — stops still there
Today Asia
00:00–07:00 UTC
157.800forming now157.773forming now
  • Nearest resting buy-side liquidity: Fri New York high 158.34.
  • Nearest resting sell-side liquidity: Fri New York low 157.694.
  • Recent history (21 days): London took Asia's high 57% and low 33% of days; New York took London's high 62% and low 48%.
The session counts describe what happened in the recent history (with the number of days). They are not a signal or a prediction.
These are levels where stops are likely to sit, not entries. Price can go through any of them. Always use a stop loss and keep risk small — a common rule is 1% of the account or less on a single trade.

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