USD/JPY) Bearish reversal analysis Read The caption

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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