USD/JPY) bullish choch Analysis Read The Chaptian

SMC trading point update



Technical analysis of USD/JPY presents a bullish outlook with Smart Money Concepts (SMC)-based logic. Here's a breakdown of the idea and key elements:


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Chart Summary

Current Market Context

Price: ~144.05

EMA 200: Acting as dynamic resistance at 144.19

Trendline: Broken, signaling a potential shift in market structure

Change of Character (ChoCh): Confirmed around 143.3, marking a bullish transition



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Key Zones Identified

1. Support Level (Strong Demand Zone)

Around 141.8–142.5

Marked by historical rejections

Possible mitigation of unfilled orders here



2. Fair Value Gap (FVG)

Between 143.0–143.8

Price may return to fill this imbalance before rising





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Projected Move

Price is expected to:

1. Dip into the FVG or Support Zone to mitigate imbalance


2. Reverse and make a bullish rally


3. Reach the target point near 148.68 (approx. +4.55%)





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RSI Analysis (14-period)

Current RSI: ~49 (neutral)

No overbought/oversold condition

Room for upside momentum



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Notable Features

Break of structure (ChoCh) → Bullish signal

EMA crossover potential → Bullish confluence

Multiple FVG fills + support reaction → Entry confirmation opportunities

Economic events marked → Be cautious of volatility spikes



Mr SMC Trading point


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Trading Idea Summary

Buy Entry Zone: 141.8–143.0 (support or FVG)

Stop Loss: Below 141.5

Target: 148.68

Risk/Reward: Favorable (approx. 1:3+)



Pales support boost 🚀 analysis follow)