GBP/JPY) bullish trend analysis Read The ChaptianSMC trading point update
Technical analysis setup for the GBP/JPY pair on a 4-hour timeframe. Here's the breakdown of the trading idea:
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Key Concepts Highlighted:
1. Support Trend Level (Yellow Zone):
The yellow zone marks a strong confluence area:
Horizontal support from previous price reactions.
Trendline support that has held multiple times.
Close to the 200 EMA (at 191.833), which acts as dynamic support.
2. Bullish Reversal Pattern:
The chart shows a rounded bottom/cup-like structure forming at support—often a sign of accumulation before a reversal.
Price is expected to bounce from this support zone and move higher within the ascending channel.
3. Target Point Projection:
The projected move is around 515.8 pips, targeting the 197.949 level.
This target aligns with the upper boundary of the ascending trend channel.
4. RSI (Relative Strength Index):
RSI is around 43–44, near oversold territory, suggesting potential bullish momentum if a bounce occurs.
Mr SMC Trading point
Conclusion:
This setup suggests a potential long (buy) opportunity:
Entry near the 193.0–193.5 zone (support/trendline confluence).
Stop loss likely below the 200 EMA (~191.5 area).
Target arounSMC trading point update
Technical analysis setup for the GBP/JPY pair on a 4-hour timeframe. Here's the breakdown of the trading idea:
---
Key Concepts Highlighted:
1. Support Trend Level (Yellow Zone):
The yellow zone marks a strong confluence area:
Horizontal support from previous price reactions.
Trendline support that has held multiple times.
Close to the 200 EMA (at 191.833), which acts as dynamic support.
2. Bullish Reversal Pattern:
The chart shows a rounded bottom/cup-like structure forming at support—often a sign of accumulation before a reversal.
Price is expected to bounce from this support zone and move higher within the ascending channel.
3. Target Point Projection:
The projected move is around 515.8 pips, targeting the 197.949 level.
This target aligns with the upper boundary of the ascending trend channel.
4. RSI (Relative Strength Index):
RSI is around 43–44, near oversold territory, suggesting potential bullish momentum if a bounce occurs.
Mr SMC Trading point
Conclusion:
This setup suggests a potential long (buy) opportunity:
Entry near the 193.0–193.5 zone (support/trendline confluence).
Stop loss likely below the 200 EMA (~191.5 area).
Target around 197.95, offering a good risk/reward ratio.
The idea is based on trend continuation, a bounce from confluence support, and RSI support for bullish reversal.
Pales support boost 🚀 analysis follow )
Foryuo
GBP/USD 1-Hour Chart Analysis: Bearish Setup with Key ResistanceGBP/USD 1-Hour Chart Analysis: Bearish Setup with Key Levels
Key Technical Indicators:
Current Price: $1.29427
30 EMA (Red Line): $1.29453 (Short-term trend)
200 EMA (Blue Line): $1.29351 (Long-term trend)
Key Resistance Zone: $1.29663 - $1.29851 (shaded purple)
Support & Target Levels:
TP 1: $1.29358
TP 2: $1.29153
TP 3: $1.28895
Final Target: $1.28662
Analysis:
Trend:
The price is struggling around the 30 EMA and 200 EMA, showing indecision.
The shaded resistance zone ($1.29663 - $1.29851) is a key area where sellers may take control.
Trade Setup:
Entry: Expected near $1.29663 (potential rejection from resistance).
Stop Loss: Above $1.29851 (to minimize risk if price breaks higher).
Take Profit Targets: Multiple levels, with the final target at $1.28662.
Bearish Confirmation:
If price gets rejected at resistance, a downside move toward support levels is likely.
A break below 1.29358 could accelerate selling pressure.
Conclusion:
The chart suggests a potential bearish trade setup, with resistance acting as a key rejection point.
Watch for confirmation signals at the resistance zone before entering a short trade.
A break above $1.29851 would invalidate the bearish outlook.
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