SMC trading point update
Technical analysis of GBP/JPY (British Pound / Japanese Yen) on the 3-hour timeframe using Smart Money Concepts (SMC) and structure-based patterns.
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Market Overview
Current Price: 193.808
EMA 200: 193.100 (acting as dynamic support)
RSI (14): 42.24 → Neutral/Bearish territory
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Two Possible Scenarios (Bullish & Bearish)
Bullish Scenario
Zone of Interest: 193.1–193.5 (support area)
Price is hovering just above the support level and 200 EMA.
Double green arrows mark previous rejections = demand zone.
If price respects support and forms a higher low:
Possible rally to:
First Target: 196.415
Second Target: 198.838
Bearish Scenario
If price breaks below the yellow support zone and 200 EMA:
Clean path down to:
Target Point: 190.098 (marked strong support zone)
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Zones of Importance
Support Level: 193.0–193.5 (minor support, under retest)
Strong Support Level: ~190.1 (high probability bounce zone)
Target Resistances:
196.415 (intermediate high)
198.838 (major resistance / swing high)
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Trade Plan Summary
Direction Entry Zone SL Target R/R Potential
Long 193.1–193.5 Below 193.0 196.4 / 198.8 1:2 to 1:3+
Short Below 193.0 Above 194.0 190.1 1:2+
Mr SMC Trading point
---
Additional Notes
Watch price action closely at the support zone before entry.
RSI shows some bearish momentum but not oversold yet.
The outcome may be influenced by JPY strength and macro events (check economic calendar).
pales support boost 🚀 analysis follow)
Technical analysis of GBP/JPY (British Pound / Japanese Yen) on the 3-hour timeframe using Smart Money Concepts (SMC) and structure-based patterns.
---
Market Overview
Current Price: 193.808
EMA 200: 193.100 (acting as dynamic support)
RSI (14): 42.24 → Neutral/Bearish territory
---
Two Possible Scenarios (Bullish & Bearish)
Bullish Scenario
Zone of Interest: 193.1–193.5 (support area)
Price is hovering just above the support level and 200 EMA.
Double green arrows mark previous rejections = demand zone.
If price respects support and forms a higher low:
Possible rally to:
First Target: 196.415
Second Target: 198.838
Bearish Scenario
If price breaks below the yellow support zone and 200 EMA:
Clean path down to:
Target Point: 190.098 (marked strong support zone)
---
Zones of Importance
Support Level: 193.0–193.5 (minor support, under retest)
Strong Support Level: ~190.1 (high probability bounce zone)
Target Resistances:
196.415 (intermediate high)
198.838 (major resistance / swing high)
---
Trade Plan Summary
Direction Entry Zone SL Target R/R Potential
Long 193.1–193.5 Below 193.0 196.4 / 198.8 1:2 to 1:3+
Short Below 193.0 Above 194.0 190.1 1:2+
Mr SMC Trading point
---
Additional Notes
Watch price action closely at the support zone before entry.
RSI shows some bearish momentum but not oversold yet.
The outcome may be influenced by JPY strength and macro events (check economic calendar).
pales support boost 🚀 analysis follow)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.