SMC Trading point update
Technical analysis of USD/JPY (2H) analysis you shared:
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Technical Breakdown
1. Price Action & Zone
Price retraced into a Fair Value Gap (FVG) / demand zone (yellow box) around 147.00 – 147.40.
Strong buying interest is visible from this zone.
2. Falling Wedge Pattern
A falling wedge has formed, which is typically a bullish reversal pattern.
Price is attempting to break out above wedge resistance, showing potential for upside momentum.
3. EMA (200 Close)
Price is interacting with the 200 EMA (147.58), serving as dynamic resistance.
A sustained breakout above this EMA would confirm bullish continuation.
4. RSI (14)
RSI currently around 46–50, suggesting neutral momentum with room for upside.
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Trade Idea
Bias: Bullish
Entry Zone: On breakout & retest of wedge / demand zone.
Target: 148.680 (as marked).
Invalidation: Below 146.60 (clear break under demand/FVG zone).
Mr SMC Trading point
---
This setup suggests a bullish reversal from support, with a likely push toward 148.68 after wedge breakout.
please support boost 🚀 this analysis)
Technical analysis of USD/JPY (2H) analysis you shared:
---
Technical Breakdown
1. Price Action & Zone
Price retraced into a Fair Value Gap (FVG) / demand zone (yellow box) around 147.00 – 147.40.
Strong buying interest is visible from this zone.
2. Falling Wedge Pattern
A falling wedge has formed, which is typically a bullish reversal pattern.
Price is attempting to break out above wedge resistance, showing potential for upside momentum.
3. EMA (200 Close)
Price is interacting with the 200 EMA (147.58), serving as dynamic resistance.
A sustained breakout above this EMA would confirm bullish continuation.
4. RSI (14)
RSI currently around 46–50, suggesting neutral momentum with room for upside.
---
Trade Idea
Bias: Bullish
Entry Zone: On breakout & retest of wedge / demand zone.
Target: 148.680 (as marked).
Invalidation: Below 146.60 (clear break under demand/FVG zone).
Mr SMC Trading point
---
This setup suggests a bullish reversal from support, with a likely push toward 148.68 after wedge breakout.
please support boost 🚀 this analysis)
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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
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.