SMC Trading point update
GBP/JPY 2-hour chart outlines a clear bearish setup within a well-defined downtrend. Here's a breakdown of the trading idea:
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Technical Overview:
Downtrend Channel:
The pair is respecting a downward-sloping channel, with repeated rejections at the upper boundary, confirming bearish control.
Resistance Zone (~187.8 - 188.5):
Price has reached a highlighted resistance area that aligns with previous swing highs and trendline resistance — marked with red arrows for prior rejections.
Bearish Projection:
The analysis anticipates a rejection from this resistance zone followed by a downward impulse move. A pullback is expected, but continuation toward the target support zone around 179.150 is likely.
Target Zone (~179.150):
This level lines up with previous price action and matches the measured move (blue vertical box), adding confluence.
EMA 200 (around 190.36):
Price is well below the 200 EMA, reinforcing the bearish structure and trend bias.
RSI Indicator (~52):
RSI is slightly above 50 but not bullish — this neutral reading suggests the pair has room to drop if resistance holds.
Mr SMC Trading point
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Trading Idea Summary:
Bias: Bearish
Entry Zone: 187.8 – 188.5 (resistance)
Confirmation: Bearish candlestick pattern or rejection signal
Target: 179.150
Invalidation: Break and close above 190.365 (above EMA 200 and prior highs)
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plase support boost 🚀 analysis follow)
GBP/JPY 2-hour chart outlines a clear bearish setup within a well-defined downtrend. Here's a breakdown of the trading idea:
---
Technical Overview:
Downtrend Channel:
The pair is respecting a downward-sloping channel, with repeated rejections at the upper boundary, confirming bearish control.
Resistance Zone (~187.8 - 188.5):
Price has reached a highlighted resistance area that aligns with previous swing highs and trendline resistance — marked with red arrows for prior rejections.
Bearish Projection:
The analysis anticipates a rejection from this resistance zone followed by a downward impulse move. A pullback is expected, but continuation toward the target support zone around 179.150 is likely.
Target Zone (~179.150):
This level lines up with previous price action and matches the measured move (blue vertical box), adding confluence.
EMA 200 (around 190.36):
Price is well below the 200 EMA, reinforcing the bearish structure and trend bias.
RSI Indicator (~52):
RSI is slightly above 50 but not bullish — this neutral reading suggests the pair has room to drop if resistance holds.
Mr SMC Trading point
---
Trading Idea Summary:
Bias: Bearish
Entry Zone: 187.8 – 188.5 (resistance)
Confirmation: Bearish candlestick pattern or rejection signal
Target: 179.150
Invalidation: Break and close above 190.365 (above EMA 200 and prior highs)
---
plase support boost 🚀 analysis follow)
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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
#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
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.