SMC Trading point update
Technical analysis of GBP/JPY 1H – SMC + Technical breakdown based exactly on the chart you shared:
---
Market Structure
Market has shifted bullish after:
A strong impulsive move up
Followed by a corrective pullback
Recent candles show break of the descending correction trendline, confirming:
> Change of Character (CHoCH) → Bullish continuation
---
EMA Confirmation
EMA 50 ≈ 206.66
EMA 200 ≈ 206.17
Price:
Rejected strongly from EMA 200
Now trading above EMA 50
This confirms:
> Trend realignment to the upside
---
Fibonacci Confluence
Your fib is drawn perfectly:
0.62 – 0.79 retracement zone aligns with:
EMA 200
Structural demand
Trendline support
→ This forms a high-probability institutional buy zone.
---
SMC Logic
Sequence visible:
1. Bullish impulse
2. Deep pullback into discount (0.62–0.79)
3. Liquidity sweep below the low
4. Strong bullish displacement
5. Break of corrective structure
This is a classic SMC bullish continuation model.
---
Key Levels
Strong Demand: 206.00 – 206.30
Mid Support: 206.60
Breakout Level: 207.00
Major Target / Liquidity: 208.19 (your marked target)
---
Trade Idea (From Your Chart)
Buy Setup
Entry Zone: 206.60 – 206.90
Stop Loss: Below demand → 205.85
Target 1: 207.40
Final Target: 208.20
Risk : Reward: 1:3+
---
Projected Price Path
Minor pullback → Higher low → Strong impulsive rally
Final expansion into:
Previous high
Liquidity pool at 208.19
Premium zone
---
Invalidation Criteria
This bullish setup is invalid if:
H1 candle closes below 205.85
Or price re-enters and holds below EMA 200
Mr SMC Trading point
---
Final Verdict
Trend: Bullish continuation
Structure: Break of bearish correction
Entry: Fib discount + EMA 200 + Demand
Target: 208.19 liquidity
Bias: BUY on pullbacks
---
Please support boost 🚀 this analysis
Technical analysis of GBP/JPY 1H – SMC + Technical breakdown based exactly on the chart you shared:
---
Market Structure
Market has shifted bullish after:
A strong impulsive move up
Followed by a corrective pullback
Recent candles show break of the descending correction trendline, confirming:
> Change of Character (CHoCH) → Bullish continuation
---
EMA Confirmation
EMA 50 ≈ 206.66
EMA 200 ≈ 206.17
Price:
Rejected strongly from EMA 200
Now trading above EMA 50
This confirms:
> Trend realignment to the upside
---
Fibonacci Confluence
Your fib is drawn perfectly:
0.62 – 0.79 retracement zone aligns with:
EMA 200
Structural demand
Trendline support
→ This forms a high-probability institutional buy zone.
---
SMC Logic
Sequence visible:
1. Bullish impulse
2. Deep pullback into discount (0.62–0.79)
3. Liquidity sweep below the low
4. Strong bullish displacement
5. Break of corrective structure
This is a classic SMC bullish continuation model.
---
Key Levels
Strong Demand: 206.00 – 206.30
Mid Support: 206.60
Breakout Level: 207.00
Major Target / Liquidity: 208.19 (your marked target)
---
Trade Idea (From Your Chart)
Buy Setup
Entry Zone: 206.60 – 206.90
Stop Loss: Below demand → 205.85
Target 1: 207.40
Final Target: 208.20
Risk : Reward: 1:3+
---
Projected Price Path
Minor pullback → Higher low → Strong impulsive rally
Final expansion into:
Previous high
Liquidity pool at 208.19
Premium zone
---
Invalidation Criteria
This bullish setup is invalid if:
H1 candle closes below 205.85
Or price re-enters and holds below EMA 200
Mr SMC Trading point
---
Final Verdict
Trend: Bullish continuation
Structure: Break of bearish correction
Entry: Fib discount + EMA 200 + Demand
Target: 208.19 liquidity
Bias: BUY on pullbacks
---
Please support boost 🚀 this analysis
Trade closed: target reached
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(Services:✔️ JOIN Telegram channel
t.me/+BLfaeRJ48BBmNjM8
t.me/+BLfaeRJ48BBmNjM8
t.me/+BLfaeRJ48BBmNjM8
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/+BLfaeRJ48BBmNjM8
t.me/+BLfaeRJ48BBmNjM8
t.me/+BLfaeRJ48BBmNjM8
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
