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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(Services:✔️ JOIN Telegram channel
t.me/+zmgnHqUTiY8wMTU0
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Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/+zmgnHqUTiY8wMTU0
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t.me/+zmgnHqUTiY8wMTU0
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.