USD/JPY) Bullish trend analysis Read The caption

昨天

SMC trading point update



Technical analysis of USD/JPY on the 4-hour timeframe, signaling a breakout and possible rally toward the 151.016 target zone. Here's the detailed breakdown:


---

Technical Analysis – USD/JPY (4H)

1. Bullish Structure Breakout

Price has broken above a long-term resistance trendline, indicating a bullish breakout from a rising wedge or ascending channel.

The breakout is confirmed by bullish momentum and sustained price action above the previous highs.


2. Trendline + EMA Confluence

Price remains well above the 200 EMA (145.143), reinforcing the bullish bias.

A clear higher low was formed at the inner trendline (support), followed by strong upside moves.


3. RSI Strength

RSI is around 63.16, indicating strong bullish momentum without being overbought yet.

Suggests more upside potential while maintaining healthy trend conditions.


4. Price Target Projection

The chart shows two upward extensions:

First move projected ~+2.20%, indicating a measured move target around 149.7.

Final target point is 151.016, based on previous price action extension and resistance level.



Mr SMC Trading point
---

Summary

Bias: Bullish

Current Price: 147.366

Key Support: Rising trendline + 145.143 EMA

Targets:

Short-term: ~149.7

Final: 151.016


RSI: Strong but not overbought (63.16)

Invalidation: Break below the inner trendline support and EMA (below 145.00)



Please support boost 🚀 this analysis)

19 小時前

交易進行

guys trade active