USD/JPY) demand and supply analysis ); Read The ChaptianSMC Trading point update
shows a bearish setup for USD/JPY on the 1-hour timeframe. Here’s a breakdown
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1. Trend Context:
Downtrend: The pair is clearly in a bearish channel, forming lower highs and lower lows.
200 EMA (~146.297) is above price and sloping down — confirms bearish bias.
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2. Key Zones Identified:
Supply Zone (~144.800–145.200): A strong area of resistance where sellers may re-enter. If price returns here, it’s a potential short setup.
Demand Zone (~142.800–143.100): A possible reaction point where short-term buyers may provide a bounce.
Target Point (~141.168): A projected target if the downtrend continues and demand zone fails.
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3. Expected Scenarios:
Primary Bearish Move:
Price may react from current levels or from the demand zone.
A pullback to the supply zone is expected before continuation downward.
Then, sell-off toward the target zone around 141.168.
Alternate Play:
Price could bounce between the demand and supply zones a bit more before breaking down.
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4. Indicators:
RSI (~46.37): Shows room to the downside before oversold, aligning with bearish momentum.
Mild bullish divergence in RSI recently, suggesting potential for a small pullback or bounce.
Mr SMC Trading point
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Summary of Idea:
This is a sell setup:
Sell entries: Ideal around the supply zone (144.8–145.2).
First target: Demand zone (~143.0)
Final target: 141.168
Invalidation: Break above 146.30 (200 EMA and channel resistance).
pales support boost 🚀 analysis follow,)
