USD/JPY) LOGN TIME Analysis Read The caption

SMC trading point update




Technical analysis of USD/JPY on the daily timeframe, highlighting a long-term downtrend reversal with potential for significant upside.


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Analysis Summary

Pair: USD/JPY

Timeframe: Daily

Current Price: 147.442

Bias: Bullish breakout from a descending wedge structure.



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Key Technical Insights

1. Descending Trendline Break:

Price has broken above the long-term downtrend line, signaling a reversal.

Breakout area is circled in yellow, confirming bullish intent.



2. Trendline & Structure Support:

Multiple rejections from the ascending support trendline (marked by green arrows) confirm accumulation and higher lows.



3. 200 EMA as Dynamic Resistance/Support:

Price is now above the 200 EMA (147.920) — a bullish signal, turning resistance into support.



4. RSI (14):

RSI at 62.99, approaching overbought territory, but still has room to push further.





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Target Point

Target: 158.951

Based on measured move from wedge breakout and historical resistance level.




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Trade Setup Idea

Direction Entry Stop-Loss Target

Buy 147.40–147.60 Below 145.80 158.95



Mr SMC Trading point
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Summary

This chart signals a major bullish breakout on USD/JPY, with the break of a year-long downtrend structure, reclaiming the 200 EMA. If this breakout sustains, price could aim for 158.95 in the coming weeks.




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