SMC trading point update
Technical analysis of USD/JPY pair using a combination of price action, resistance/support levels, and indicators. Here's a breakdown of the idea behind the analysis:
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Chart Breakdown (2H - USD/JPY)
1. Key Zones:
Resistance Level (Yellow Box at Top):
Price has previously been rejected from this zone multiple times.
Recent bearish wicks and aggressive sell-offs are marked by red arrows—showing strong seller interest.
Support Level / Target Point (Bottom Yellow Box):
Price has found strong buying interest around 142.142.
This zone is the anticipated downside target if the bearish scenario plays out.
2. Bearish Bias Justification:
Liquidity Grab / Fakeout (labeled “fug”):
The price briefly broke above the smaller resistance block but quickly reversed.
This "fake breakout" often traps buyers, strengthening the bearish case.
EMA 200 (Blue Line):
Price is currently near or slightly under the 200 EMA (144.553), suggesting a potential rejection area aligning with resistance.
RSI Indicator:
RSI shows divergence and has not confirmed a bullish breakout.
The values (56.77 and 42.82) indicate loss of bullish momentum.
3. Projection (Black Lines):
The black zig-zag lines represent a forecasted drop to the support level.
Suggests a short setup near 144.50–145.00 with targets near 142.14.
Mr SMC Trading point
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Summary:
Bias: Bearish
Entry Zone: Near resistance area (144.50–145.00)
Target: 142.142 (support zone)
Invalidation: Strong break above 145.00 and hold
Confirmation: Rejection from resistance with bearish candle pattern
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Technical analysis of USD/JPY pair using a combination of price action, resistance/support levels, and indicators. Here's a breakdown of the idea behind the analysis:
---
Chart Breakdown (2H - USD/JPY)
1. Key Zones:
Resistance Level (Yellow Box at Top):
Price has previously been rejected from this zone multiple times.
Recent bearish wicks and aggressive sell-offs are marked by red arrows—showing strong seller interest.
Support Level / Target Point (Bottom Yellow Box):
Price has found strong buying interest around 142.142.
This zone is the anticipated downside target if the bearish scenario plays out.
2. Bearish Bias Justification:
Liquidity Grab / Fakeout (labeled “fug”):
The price briefly broke above the smaller resistance block but quickly reversed.
This "fake breakout" often traps buyers, strengthening the bearish case.
EMA 200 (Blue Line):
Price is currently near or slightly under the 200 EMA (144.553), suggesting a potential rejection area aligning with resistance.
RSI Indicator:
RSI shows divergence and has not confirmed a bullish breakout.
The values (56.77 and 42.82) indicate loss of bullish momentum.
3. Projection (Black Lines):
The black zig-zag lines represent a forecasted drop to the support level.
Suggests a short setup near 144.50–145.00 with targets near 142.14.
Mr SMC Trading point
---
Summary:
Bias: Bearish
Entry Zone: Near resistance area (144.50–145.00)
Target: 142.142 (support zone)
Invalidation: Strong break above 145.00 and hold
Confirmation: Rejection from resistance with bearish candle pattern
---
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(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.