USD/ JPY) bullish trend analysis Read The Chaptian

5月18日

SMC trading point update



Technical analysis of 4-hour for USD/JPY (U.S. Dollar vs Japanese Yen). Here's the breakdown of the idea


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1. Bullish Structure

The market is moving within a rising channel, indicating a bullish trend.

Higher highs and higher lows support the uptrend.



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2. Key Zones

Support Zone (Demand Area): Around the 144.500–145.000 level, price has reacted positively here multiple times — it's marked as a strong support level.

Resistance Zone: Around 148.000 — this level is marked as an obstacle before reaching the final target point.



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3. Indicators & Confluence

EMA 200: Price is currently testing just above/below the EMA 200 — a key dynamic support/resistance level.

RSI: Showing a bullish divergence or a potential recovery from oversold zone (both RSI lines are turning upward).

MACD-style Oscillator (Custom): Showing signs of a bullish crossover, confirming upward momentum.



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4. Projection & Target

The expected move is a bounce from support, followed by:

A retest of resistance around 148.

A continuation to the target zone at 150.864 — marked as the final target point.


The potential move is approximately +592 pips (4.19%).



Mr SMC Trading point

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Conclusion

This is a bullish continuation setup, expecting price to maintain above the support zone and ride the trendline and channel toward 150.864. The confluence of RSI, structure, and EMA adds strength to the idea.




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5月19日

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