SMC Trading point update
Technical analysis of USD/JPY on the 4-hour timeframe, based on a rejection from a key support zone and signs of trend continuation toward a higher target.
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Technical Breakdown:
1. Support Level:
Price has bounced from a clearly defined support zone around 146.00 – 146.50, which has held multiple times in the past.
This zone is acting as a strong demand area where buyers are stepping in.
2. Bullish Rejection + Structure:
A bullish candle has formed from the support area, signaling potential reversal.
The drawn projection suggests higher highs and higher lows forming — indicating bullish continuation.
3. EMA (200):
Price has respected the 200 EMA (blue line), bouncing off it — a strong confluence for bullish trend continuation.
EMA is slightly upward sloping, indicating a longer-term bullish bias remains intact.
4. RSI (14):
RSI is rising from oversold territory (42.09), indicating a bullish momentum shift.
A potential bullish divergence might be forming (price made lower low, RSI made higher low).
5. Target Point:
Price is projected to reach 150.904, giving a potential move of ~2.91% (426 pips) from current levels.
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Trade Idea Summary:
Bias: Bullish
Entry Zone: 146.90 – 147.30 (current levels or slight pullback)
Stop Loss: Below the support zone (~145.90)
Take Profit (TP): 150.900 (key resistance / previous high)
Risk-to-Reward Ratio: Attractive, based on the size of the support zone vs. projected move
Mr SMC Trading point
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Key Insights:
Strong confluence between price structure, support zone, and 200 EMA bounce.
Favorable risk-reward ratio for swing or intraday traders.
Best confirmation would come from a bullish engulfing candle or break above minor resistance near 147.80.
Please support boost 🚀 this analysis)
Technical analysis of USD/JPY on the 4-hour timeframe, based on a rejection from a key support zone and signs of trend continuation toward a higher target.
---
Technical Breakdown:
1. Support Level:
Price has bounced from a clearly defined support zone around 146.00 – 146.50, which has held multiple times in the past.
This zone is acting as a strong demand area where buyers are stepping in.
2. Bullish Rejection + Structure:
A bullish candle has formed from the support area, signaling potential reversal.
The drawn projection suggests higher highs and higher lows forming — indicating bullish continuation.
3. EMA (200):
Price has respected the 200 EMA (blue line), bouncing off it — a strong confluence for bullish trend continuation.
EMA is slightly upward sloping, indicating a longer-term bullish bias remains intact.
4. RSI (14):
RSI is rising from oversold territory (42.09), indicating a bullish momentum shift.
A potential bullish divergence might be forming (price made lower low, RSI made higher low).
5. Target Point:
Price is projected to reach 150.904, giving a potential move of ~2.91% (426 pips) from current levels.
---
Trade Idea Summary:
Bias: Bullish
Entry Zone: 146.90 – 147.30 (current levels or slight pullback)
Stop Loss: Below the support zone (~145.90)
Take Profit (TP): 150.900 (key resistance / previous high)
Risk-to-Reward Ratio: Attractive, based on the size of the support zone vs. projected move
Mr SMC Trading point
---
Key Insights:
Strong confluence between price structure, support zone, and 200 EMA bounce.
Favorable risk-reward ratio for swing or intraday traders.
Best confirmation would come from a bullish engulfing candle or break above minor resistance near 147.80.
Please support boost 🚀 this analysis)
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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
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
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.