SMC Trading point update
This chart presents a technical analysis of USD/JPY on the 1-hour timeframe. The key insights from this analysis are:
1. Order Block & Potential Reversal
The price has dropped significantly and reached a highlighted order block zone (a key demand area).
A potential inverse head and shoulders pattern is forming, indicating a possible bullish reversal.
2. Expected Bullish Movement
The price is expected to bounce from the order block, creating a bullish structure.
The projected move suggests a retracement toward a resistance zone, which aligns with previous price action.
Mr SMC Trading point
3. Target Zone & EMA 200
The target zone is around 148.946 - 149.178, aligning with the 200 EMA, a significant resistance level.
4. RSI Indicator
The RSI is currently low (~38.93), indicating potential for a reversal as the market may be oversold.
Conclusion
The chart suggests a bullish retracement after the recent drop, targeting the resistance zone near the 200 EMA. However, confirmation is needed (e.g., bullish price action, volume increase) before taking a trade. Keep an eye on fundamental news that may impact USD/JPY volatility.
Pales support boost 🚀 analysis follow)
This chart presents a technical analysis of USD/JPY on the 1-hour timeframe. The key insights from this analysis are:
1. Order Block & Potential Reversal
The price has dropped significantly and reached a highlighted order block zone (a key demand area).
A potential inverse head and shoulders pattern is forming, indicating a possible bullish reversal.
2. Expected Bullish Movement
The price is expected to bounce from the order block, creating a bullish structure.
The projected move suggests a retracement toward a resistance zone, which aligns with previous price action.
Mr SMC Trading point
3. Target Zone & EMA 200
The target zone is around 148.946 - 149.178, aligning with the 200 EMA, a significant resistance level.
4. RSI Indicator
The RSI is currently low (~38.93), indicating potential for a reversal as the market may be oversold.
Conclusion
The chart suggests a bullish retracement after the recent drop, targeting the resistance zone near the 200 EMA. However, confirmation is needed (e.g., bullish price action, volume increase) before taking a trade. Keep an eye on fundamental news that may impact USD/JPY volatility.
Pales support boost 🚀 analysis follow)
Trade active
GUYS trede ruing
(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
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.
(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
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.