USD/JPY) breakout bearish trand analysis Read The caption

6月2日

SMC trading point update



Technical analysis of the USD/JPY (US Dollar / Japanese Yen) pair on a 2-hour timeframe. Here's the idea behind the analysis:


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Overall Idea: Bearish Move Toward Support


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Key Levels

Resistance Zone (Yellow Box, Top): Marked with two red arrows — shows strong price rejection around 146.00–147.00 area.

Support Zone (Yellow Box, Bottom): Around 139.85, marked as a target point and support level.

These two zones form the range in which price has been reacting.



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Current Price Action

Price is currently trading at 142.649, well below the 200 EMA (at 144.190), which is a bearish signal.

It has broken below the mid-range and seems to be heading toward the lower support zone (139.85).



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Trend & Structure

The price is following a downward trend after rejecting from the resistance zone.

The channel suggests a further leg down is likely to complete a measured move.

A temporary retest of the broken trendline might occur before continuation down.



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RSI (Relative Strength Index)

Currently around 31.83, nearing oversold territory, indicating the potential for:

A short-term bounce before further downside, or

A reversal near the key support zone.




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Projection

The projection arrow (blue) suggests a bullish rebound from the 139.85 support zone.

This aligns with a potential buy opportunity once support is confirmed.



Mr SMC Trading point

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Conclusion (Trade Idea Summary)

Short-Term Bias: Bearish
Medium-Term Setup: Look for a buy opportunity around 139.85, if price reacts well.

Key Steps:

1. Watch for price to reach 139.85.


2. Look for bullish reversal patterns or confirmations at that level (e.g., bullish engulfing, RSI divergence).


3. If confirmed, a potential long trade could target back toward the 144–145 zone.


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6月5日

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