SMC Trading point update
Technical analysis of USD/JPY on the 4-hour timeframe, with a focus on a support-resistance structure and trend
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Technical Breakdown:
1. Market Structure:
Price is moving in a clear uptrend, making higher highs and higher lows.
A recent pullback into a support zone suggests potential for a bullish continuation.
2. Key Zones:
Support Zone: Around 147.00–147.50, highlighted in yellow — the area where price recently bounced.
Resistance Zone: Around 148.800–149.300, which price is expected to break through.
Target Point: Clearly marked at 150.519, aligning with the prior high and a projected bullish extension.
3. EMA (200):
The 200 EMA (blue) is at 146.489, far below current price — signaling strong bullish momentum.
4. RSI (14):
RSI is at 61.14, showing bullish momentum without being overbought — supportive of further upside.
No divergence is noted, which supports trend continuation.
5. Projection (Drawn Path):
The chart suggests price may bounce from support, break through resistance, and rally toward 150.519, possibly after a retest of the resistance-turned-support.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bullish
Entry Zone: Near 147.00–147.50 (support)
Confirmation: Bullish candlestick pattern or strong bounce
Target: 150.519
Invalidation: Break and close below 146.489 (200 EMA) or sustained move below support zone
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Please support boost 🚀 this analysis)
Technical analysis of USD/JPY on the 4-hour timeframe, with a focus on a support-resistance structure and trend
---
Technical Breakdown:
1. Market Structure:
Price is moving in a clear uptrend, making higher highs and higher lows.
A recent pullback into a support zone suggests potential for a bullish continuation.
2. Key Zones:
Support Zone: Around 147.00–147.50, highlighted in yellow — the area where price recently bounced.
Resistance Zone: Around 148.800–149.300, which price is expected to break through.
Target Point: Clearly marked at 150.519, aligning with the prior high and a projected bullish extension.
3. EMA (200):
The 200 EMA (blue) is at 146.489, far below current price — signaling strong bullish momentum.
4. RSI (14):
RSI is at 61.14, showing bullish momentum without being overbought — supportive of further upside.
No divergence is noted, which supports trend continuation.
5. Projection (Drawn Path):
The chart suggests price may bounce from support, break through resistance, and rally toward 150.519, possibly after a retest of the resistance-turned-support.
Mr SMC Trading point
---
Trade Idea Summary:
Bias: Bullish
Entry Zone: Near 147.00–147.50 (support)
Confirmation: Bullish candlestick pattern or strong bounce
Target: 150.519
Invalidation: Break and close below 146.489 (200 EMA) or sustained move below support zone
---
Please support boost 🚀 this analysis)
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t.me/+zmgnHqUTiY8wMTU0
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t.me/+zmgnHqUTiY8wMTU0
Join my recommended broker , link 👇
World best broker exness ✅D
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.