SMC trading point update
Technical analysis of USD/JPY 3-hour chart suggests a bearish reversal setup, based on smart money concepts (SMC), resistance rejection, and price action structure. Here's a full breakdown:
Technical Breakdown – USD/JPY
Big Resistance Zone (~145.800–146.300):
Price has tapped into a major resistance zone (yellow box) twice (highlighted with red arrows).
Both rejections indicate strong seller interest.
The latest candle structure shows clear rejection wick, signaling weakness at resistance.
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Bearish Bias Confirmation:
Bearish structure forming after the second rejection.
Break of the rising trendline could accelerate selling pressure.
A measured move projection (-2.58%) aligns the downside target with the support level at ~142.144.
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Support Zone (~141.800–142.400):
Marked as the likely target zone.
Historically acted as a strong bounce area (visible from late May to early June).
Completion of ABC bearish structure aligns here.
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Indicators & Tools:
200 EMA (144.419): Price currently slightly above it — watching for a close below to strengthen bearish view.
RSI (14): Shows signs of bearish divergence and cooling off from overbought (was above 70 previously).
Volume spike during the rejection suggests institutional selling.
Mr SMC Trading point
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Forecast Summary:
Bias: Bearish toward 142.144
Entry Idea: Look for confirmation of breakdown below trendline (~145.00)
Invalidation: Strong bullish close above 146.300 would break this idea.
---
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Technical analysis of USD/JPY 3-hour chart suggests a bearish reversal setup, based on smart money concepts (SMC), resistance rejection, and price action structure. Here's a full breakdown:
Technical Breakdown – USD/JPY
Big Resistance Zone (~145.800–146.300):
Price has tapped into a major resistance zone (yellow box) twice (highlighted with red arrows).
Both rejections indicate strong seller interest.
The latest candle structure shows clear rejection wick, signaling weakness at resistance.
---
Bearish Bias Confirmation:
Bearish structure forming after the second rejection.
Break of the rising trendline could accelerate selling pressure.
A measured move projection (-2.58%) aligns the downside target with the support level at ~142.144.
---
Support Zone (~141.800–142.400):
Marked as the likely target zone.
Historically acted as a strong bounce area (visible from late May to early June).
Completion of ABC bearish structure aligns here.
---
Indicators & Tools:
200 EMA (144.419): Price currently slightly above it — watching for a close below to strengthen bearish view.
RSI (14): Shows signs of bearish divergence and cooling off from overbought (was above 70 previously).
Volume spike during the rejection suggests institutional selling.
Mr SMC Trading point
---
Forecast Summary:
Bias: Bearish toward 142.144
Entry Idea: Look for confirmation of breakdown below trendline (~145.00)
Invalidation: Strong bullish close above 146.300 would break this idea.
---
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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
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.