USD/JPY Buy Zone Setup – Targeting 152.54Current Price: 147.190
Buy Entry Zone: ~146.403
Support Zone (Blue Area): 146.403 – 145.183
Stop Loss: Below 145.183
Target Point: 152.547
Technical Breakdown:
Channel Trend:
The pair is moving inside an upward-sloping channel.
Price is currently in a pullback phase, approaching the lower-mid part of the channel.
Support Zone:
Strong support at 146.40 – 145.18 (marked as the blue buy zone).
Buyers are expected to step in here if tested.
Bullish Scenario:
If price respects the support and bounces, we could see a rally toward 152.547 (target).
This aligns with the upper boundary of the ascending channel.
Bearish Risk:
If price breaks 145.18 with strong volume, bearish momentum could extend, invalidating the long setup.
Next downside risk would open toward 144.00.
Trading Plan (Based on Chart Idea):
Buy Entry: Around 146.40 – 145.80 zone.
Stop Loss: Below 145.18.
Take Profit (TP): 152.54.
Risk/Reward Ratio: Approx 1:4+, which is a strong setup.
📌 This chart is suggesting a buy-the-dip strategy at support for a potential bullish continuation.
USDJPY
Exness: Japanese Yen Hawkish Shift Intertwined with Fed Rate CutExness: Japanese Yen Hawkish Shift Intertwined with Fed Rate Cut Expectations: What Lies Ahead?
The signals from the Bank of Japan's policy meeting on September 18-19 mark a potential turning point. Although the decision was made to keep the policy interest rate at 0.5% with a 7-2 vote, the internal details revealed growing hawkish pressure. Policy board members Hajime Takata and Naoki Tamura voted against maintaining the interest rate, advocating for an immediate 25 basis point hike to 0.75%. This is the first dissenting vote since Governor Kazuo Ueda took office, clearly indicating a growing call for tighter policy within the central bank.
Even more surprisingly, the Bank of Japan simultaneously announced that it would begin preparations to sell its holdings of exchange-traded funds (ETFs) and Japanese Real Estate Investment Trusts (J-REITs). Although the planned pace of sales is relatively modest, this is seen as a substantive step towards policy normalization, with its signaling significance far outweighing its actual market impact.
The "Summary of Opinions" from the September meeting, just released today (September 30), provides decisive evidence of this hawkish shift. The document shows that there was a serious and in-depth debate within the policy board on the "possibility of a near-term rate hike." Several members believed that the conditions for another rate hike were maturing, with one opinion explicitly stating, "Given that it has been more than six months since the last rate hike, perhaps it is time to consider raising the policy interest rate again." Even Asahi Noguchi, a deliberation committee member usually considered dovish, stated in a speech on September 29 that the necessity of adjusting the policy interest rate is "greater than ever."
This series of signals quickly reshaped market expectations. Currently, market pricing reflects that the probability of the Bank of Japan raising rates by 25 basis points at its next meeting on October 29-30 has surged to about 60%.
In stark contrast to the Bank of Japan's increasingly firm stance, the Federal Reserve is on a clear path of easing, primarily driven by concerns about a cooling US labor market. Key inflation data released last week on September 26 further solidified this expectation.
Data shows that the Federal Reserve's most favored inflation indicator, the core Personal Consumption Expenditures (PCE) (Chart 1) price index for August, increased by 2.9% year-on-year, remaining consistent with July and fully meeting market expectations. This "as expected" report is widely interpreted by the market as "non-threatening" inflation, suggesting it will not hinder the Federal Reserve's interest rate cuts and instead bolsters investor confidence in future rate reductions.
The Tug-of-War Between Inflation and Growth
The fierce debate within the Bank of Japan between hawks and doves stems from the contradictory signals sent by Japan's domestic economic data. On the one hand, persistently above-target inflation provides a reason for raising interest rates; on the other hand, recent signs of slowing growth call for the central bank to remain cautious. This tug-of-war between inflation and growth makes the Bank of Japan's decision-making path full of uncertainty.
Inflation Outlook: The Hawks' Confidence
Hawkish officials who support interest rate hikes primarily base their arguments on persistent inflationary pressures in Japan. The national core Consumer Price Index (CPI) (Chart 2) for August, released on September 18th, rose by 2.7% year-on-year. Although this is a slowdown from July's 3.1%, it marks the 29th consecutive month that this data has been above the Bank of Japan's 2% target.
What is even more noteworthy is that the "Core-Core CPI", which excludes fresh food and energy and is regarded by the Bank of Japan as a measure of underlying inflation trends, remained stubbornly high at 3.3% in August. This persistent underlying price pressure is the core argument for hawkish members who believe the inflation target has been "largely achieved." In addition, the Tokyo core CPI for September (released on September 25), which is a leading indicator for national inflation, remained stable at 2.5% year-on-year, further indicating that inflationary pressures are not rapidly dissipating.
Growth Outlook: Dovish Concerns
However, just when the hawkish arguments seemed fully substantiated, the latest series of economic activity data released this week cast a shadow over the outlook, providing strong support for a dovish, cautious stance.
Data released on September 29th and 30th showed that preliminary industrial output for August decreased by 1.2% month-on-month (Chart 3), significantly worse than the market expectation of -0.8% and also weaker than the previous figure of -0.4%. This indicates that production activities are contracting in manufacturing, a crucial pillar of the Japanese economy, possibly due to the negative impact of US tariff policies and a slowdown in global demand.
At the same time, retail sales data for August, a key indicator of domestic demand, was also disappointing.
This data unexpectedly fell by 1.1% year-on-year, a significant departure from market expectations of a 1.0% increase; it even saw a substantial 1.6% month-on-month decrease. This clearly indicates that Japanese household consumption power is being eroded, and domestic demand is beginning to show weakness, against a backdrop of inflation consistently higher than wage growth.
In addition, the preliminary Manufacturing Purchasing Managers' Index (PMI) (Chart 4) for September fell to 48.4, marking the fastest contraction in six months and further confirming the downward pressure on the economy.
From a technical perspective, USD/JPY is at a critical crossroads. Recent price movements show a fierce struggle between bulls and bears around important technical levels, reflecting fundamental uncertainties. USD/JPY failed to reach the key 150.00 level, then fell back below 149.00 and the EMA21. The price is still fluctuating within the 148.00-149.00 range, indicating possible consolidation. If it stays below 149.00, the price may consolidate further within the 148.00-149.00 range. Conversely, if it returns above the EMA21 and 149.00, it may retest the key 150.00 level.
Integrating the above fundamental and technical analysis, a core conclusion can be drawn: the previous one-sided short-yen trading environment has ended. The market is entering a new phase that is more balanced but potentially significantly more volatile.
The movement of USD/JPY is no longer dominated by a single factor, but depends on the interplay between the hawkish potential of the Bank of Japan and the dovish reality of the Federal Reserve. The short-term direction of the exchange rate will be determined by which central bank's actions (or inactions) surprise the market more.
The future path will be largely determined by two key economic data releases scheduled for this week:
Japan Tankan Survey (October 1): Can this report give the Bank of Japan's hawks enough confidence to act in October?
US Non-Farm Payrolls (October 3): Will this data confirm the weakening of the US labor market, thereby "paving the way" for the Federal Reserve's rate cut path?
The outcome of these two events will likely determine whether USD/JPY breaks key support and tests lower levels, or whether it can hold its ground here and gather strength to challenge the strong resistance area of 150 again.
In any case, what is certain is that the era of one-sided yen depreciation is over, and a new phase full of strategic reassessment and uncertainty has arrived.
By: Eric Chia, Financial Market Strategist at Exness
JPY Futures - Can We Take Out The 3rd ExoFade PeakTo clear any confusing for those that dont know, 6J Futures aka JPY/USD, is the inverse of your regular USD/JPY. Got it?
It's currently in a strong uptrend, since the dollar is in a free fall.
We've been taking out the ExoFade peaks and the trend looks juicy. Taking the 3rd pullback bounce of a uptrend is not my favorite thing to do cos each time you get a bounce, the probably of the next of failing goes up significantly cos sellers need to feed their families too lol.
The first bounce in a new uptrend has a higher success rate and with much lower risk required.
The ExoFade peaks are great for setting price targets and prediction, and we can see the last 2 peaks we're successfully taken out. If the trends momentum stays intact, i expect us to take out the 3rd one as predicted.
London session is in a couple of hours, which will inject more volatility and we have unemployment news in the morning, which can disrupt the trend.
We'll see how it goes.
USDJPY Bearish Setup Looking at the USDJPY 4H chart, the pair has recently completed a strong bullish run but is now showing signs of exhaustion at the top. Price touched resistance around 150.90 – 151.00, a key supply zone that has historically triggered heavy selling pressure. From there, a sharp rejection candle formed, sending the pair back below 149.90, confirming that sellers are defending this region aggressively.
Structurally, this pullback is more than just profit-taking. The rejection created a potential lower high, which often signals the beginning of a trend reversal when combined with heavy rejection wicks and volume. Moreover, the 149.95 – 150.90 zone now acts as a major ceiling, while downside liquidity is sitting near 146.30 – 145.50, suggesting room for bears to push further.
Momentum indicators (based on the chart flow) show weakening bullish strength, with back-to-back red candles confirming that sellers are stepping in with conviction. If price sustains below 148.70 – 148.80, the bearish wave is likely to continue.
📉 Trade Setup (Bearish):
• Entry: $148.70 – $148.80 🔻
• Stop Loss: $150.90 ❌ (above recent high & resistance zone)
• Target 1: $146.30 🎯
• Target 2: $145.50 🔥
• Target 3 (extended): $144.80 🏆
The setup offers a clean risk-to-reward of ~1:2.5, with downside potential outweighing the upside risk. If sellers maintain control, the drop toward 145.50 could be quick, as this area has acted as a strong liquidity pool in the past. In short, USDJPY looks ready for a corrective bearish leg after hitting a key resistance zone, and short positions remain favorable as long as price stays capped under 150.90.
USD/JPY – Testing Ascending Trendline Support After Fibonacci ReUSD/JPY has pulled back sharply after failing to sustain above the 50% Fibonacci retracement level (149.35). The pair is now retesting the ascending trendline support that has held since March, making this a pivotal zone for the next move.
The 50-day SMA (147.80) and 200-day SMA (148.34) have converged just above price, turning into a key resistance cluster. Meanwhile, momentum indicators show a mixed outlook:
MACD is flattening just above the zero line, suggesting fading bullish momentum.
RSI has slipped toward 45, pointing to weakening momentum but not yet oversold.
If the ascending trendline holds, buyers may attempt another push toward the 149.35–151.60 resistance zone, where Fibonacci retracements and moving averages converge. However, a clean break below 146.50–146.00 would confirm a bearish shift, potentially opening downside toward 144.00 and below.
Overall, the market is at a critical inflection point: holding the trendline keeps the medium-term bullish bias intact, while a breakdown could signal the start of a broader reversal. -MW
USDJPY Bearish continuation capped at 148.90The USDJPY pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 148.90, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 148.90 could confirm the resumption of the downtrend, targeting the next support levels at 146.10, followed by 145.40 and 144.60 over a longer timeframe.
Conversely, a decisive breakout and daily close above 148.90 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 149.75, then 150.20.
Conclusion:
The short-term outlook remains bearish unless the pair breaks and holds above 148.90. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
USDJPY Testing 147.800 as US Govt Shutdown Pressures DollarHey Traders, in today’s trading session we are monitoring USDJPY for a potential selling opportunity around the 147.800 zone. USDJPY is trading in a downtrend and currently in a correction phase, with price approaching this key support/resistance level.
Structure: Market bias remains bearish after the recent trend shift, and the current pullback could set up continuation lower.
Key level in focus: 147.800 — acting as resistance within the correction.
Fundamentals: The US Government has officially entered a shutdown, a development that historically weighs on the US Dollar. This event adds to bearish USD pressure and could further favor downside in USDJPY.
Trade safe,
Joe.
Fundamental Market Analysis for October 1, 2025 USDJPYThe summary of opinions from participants at the Bank of Japan (BoJ) meeting in September showed that board members discussed the possibility of raising interest rates in the near future. This confirmed market expectations that the central bank would stick to its policy normalization course. In addition, growing geopolitical tensions and the US government shutdown may continue to provide some support for the Japanese yen (JPY) as a safe-haven currency, which in turn could be a headwind for the USD/JPY pair.
Meanwhile, the BoJ's stance differs significantly from forecasts that the US Federal Reserve (Fed) will cut borrowing costs twice this year. The latter does not help the US dollar (USD) attract significant buyers. Moreover, the divergence in the policy outlooks of the Bank of Japan and the Fed should favor the lower-yielding Japanese yen and help limit the USD/JPY pair. Therefore, it would be wise to wait for strong follow-through buying before taking a position in anticipation of a significant strengthening.
Trade recommendation: SELL 146.75, SL 147.95, TP 143.95
USDJPY H4 | Bearish DropUSD/JPY is reacting off the sell entry, which is a pullback resistance and could drop from this level to the downside.
Sell entry is at 147.56, which is a pullback resistance.
Stop loss is at 148.36, which is a pullback resistance.
Take rpofit is at 146.22, which is a multi swing low support.
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Stop!Loss|Market View: GOLD🙌 STOP!Loss team welcomes you❗️
In this post, we're going to talk about the near-term outlook for GOLD ☝️
Potential trade setup:
🔔Entry level: 3811.880
💰TP: 3654.765
⛔️SL: 3915.820
"Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market.
👇 In the comments 👇 you can type the trading instrument you'd like to analyze, and we'll talk about it in our next posts.
💬 Description: Sell priority is looking for gold, and there are two scenarios (see chart). Technically, we're witnessing a buying culmination, and a downward reversal is likely coming soon. The main target is seen near the POC, specifically the 3654 level. In the longer term, deeper targets are likely to be looked for.
Thanks for your support 🚀
Profits for all ✅
❗️ Updates on this idea can be found below 👇
Potential bearish drop?USD/JPY has rejected off the pivot, which is a [pullback resistance and could drop to the 1st support.
Pivot: 148.05
1st Support: 146
1st Resistance: 149.84
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off 38.2% Fibonacci resistance?USD/JPY is rising towards the resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 148.58
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 149.83
Why we like it:
There is a swing high resistance level.
Take profit: 147.04
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
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USD/JPY) Bearish Trend analysis Read The captionSMC Trading point update
Technical analysis of USD/JPY Bearish Continuation Setup (1H Timeframe)
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Chart Summary:
Pair: USD/JPY
Timeframe: 1H
Exchange: IC Markets
Current Price: 147.856
EMA 50: 148.439 (resistance)
EMA 200: 148.396 (resistance)
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Key Observations:
1. Downtrend Structure
Price is consistently making lower highs and lower lows.
Both EMA 50 and EMA 200 are above price, acting as dynamic resistance.
2. Fair Value Gap (FVG) / Supply Zone
Price is expected to retrace into the 148.30–148.45 zone.
This aligns with both EMAs, creating a confluence resistance area.
3. Bearish Projection
After retest of the FVG zone, sellers are expected to push price lower.
Measured move shows potential continuation down to the 146.933 target point.
4. Momentum
Previous strong bearish candles indicate heavy selling pressure.
Weak retracements suggest buyers are losing strength.
Mr SMC Trading point
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Conclusion:
The chart signals a bearish continuation:
Scenario 1 (Preferred): Price retests the 148.30–148.45 FVG zone and rejects → downside continuation to 146.93 target.
Scenario 2 (Invalidation): A strong close above 148.50 would invalidate this bearish setup and shift bias to neutral/bullish.
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please support boost 🚀 this analysis
USD/ JPY) Bearish Trend analysis Read The captionSMC Trading point update
Technical analysis of USD/JPY (1H) chart idea breakdown from your image:
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USD/JPY – Bearish Setup (1H Timeframe)
Market Structure:
After a strong bullish rally, price has rejected from 149.6–150.0 zone and shifted bearish.
Price is currently trading below the 50 EMA (148.98) and testing around the 200 EMA (148.45) → showing weakening momentum.
Two Fair Value Gaps (FVG) are highlighted:
Upper FVG (resistance supply zone) near 149.1 – 149.3.
Mid FVG near 148.8 – 149.0, likely a retest area before continuation down.
Price Projection:
Expecting a possible short-term pullback into the yellow FVG zone → rejection from 148.9–149.1.
Bearish continuation could drive price toward the target point: 147.46.
This aligns with the projected measured move shown on the chart.
Indicators:
50 EMA (red) turning down → confirming bearish shift.
200 EMA (blue) being tested → a break below strengthens bearish case.
Mr SMC Trading point
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Bias: Bearish
Target: 147.46
Invalidation: A strong break and hold above 149.3 (FVG supply)
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Pelas support boost 🚀 this analysis
USDJPY - 2000pip Reversal Incoming!USDJPY is setting up for a 2000pip impulse!
We've seen a bearish impulse at the start of this year and since then we've been in a correction. We are expecting another impulse very soon, rivalling the first one!
Trade Idea:
- Watch for price to move into our reversal zone
- once there, look for trendline break, BOS or other reversal signs
- Take profit: 140 (1500pips), 135 (2000pips)
Short Term Buys:
In the meantime, we can look to trade the move up into the sell zone. Expecting a bounce off the fibonacci. Invalidation level is 145.4. A break below that level will invalidation this short term buys.
See below for the short term buys.
USDJPY 12H
Goodluck and as always, trade safe!
USDJPY Technical Analysis! BUY!
My dear subscribers,
My technical analysis for USDJPY is below:
The price is coiling around a solid key level - 147.98
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 148.78
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
BUY US Dollar! Sell xxxUSD Pairs! Buy USDxxx Pairs!This is the FOREX futures outlook for the Sept 30th.
In this video, we will analyze the following FX markets:
USD Index, EUR, GBP, AUD, NZD, CAD, CHF, and JPY.
Keep it simple! Buy USDxxx pairs. Sell xxxUSD pairs. Just wait for valid setups. Once price shows a valid change in the state of delivery on your entry TFs, enter.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
USD/JPY - BULLISH REVERSAL IN PLAYThe recent price action on the USD/JPY 30-minute chart confirms a Change of Character (CHOCH), marking a significant shift in market structure from a bearish trend to a potential bullish reversal. This CHOCH is a critical technical signal indicating that the previous downtrend has lost momentum and that buyers are beginning to take control of the market.
Leading up to the CHOCH, the market had been consistently forming lower highs and lower lows, respecting a well-defined trendline resistance. This downtrend was also characterized by multiple Breaks of Structure (BOS) to the downside, reinforcing the bearish sentiment. However, as price approached a strong support zone, it began to consolidate, suggesting a buildup of buying interest. Eventually, price broke above the most recent lower high, completing a clear CHOCH — the first structural sign that the bearish trend had been invalidated.
This CHOCH is further validated by the break of the descending trendline, a strong bullish impulse candle, and a reaction from the support zone, all of which add confluence to the idea of a trend reversal. Additionally, the breakout occurred with noticeable momentum (as implied by the volume indicator icon on the chart), further reinforcing the likelihood of continued upside movement.
With the CHOCH confirmed and the previous bearish structure broken, the market is now positioned to seek liquidity and inefficiencies above, specifically targeting the next key resistance zone located around 149.600 to 149.900. This area represents a prior supply zone and contains a “weak high,” which often acts as a price magnet during bullish reversals, as the market seeks to test or sweep liquidity from those levels.
In conclusion, the CHOCH marks a decisive shift in direction, and the market structure now supports a bullish move. As long as price holds above the recent low and continues to print higher highs and higher lows, the next likely destination is the resistance zone, where traders should watch for either profit-taking opportunities or signs of further continuation.
USD/JPY) Bearish Trend analysis Read The captionSMC Trading point update
Technical analysis of USD/JPY (1H timeframe) chart analysis:
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Bearish USD/JPY Setup
Rejection at Resistance: Multiple rejections (red arrows) show strong selling pressure around 149.70 – 149.80 zone.
Fair Value Gap (FVG): Price may retest the FVG supply area before continuing lower.
Moving Averages:
50 EMA (red) is turning flat, showing short-term weakness.
200 EMA (blue) is below, acting as the larger support zone.
Market Structure Shift (MSS): Breakdown of recent support suggests bearish intent.
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Target Point
Expected drop towards 148.38 – 148.37 (aligned with 200 EMA & previous demand zone).
Mr SMC Trading point
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Trading Idea
Bias: Bearish.
Entry Zone: Retest of 149.60 – 149.70 (FVG).
Target: 148.38.
Invalidation: A break above 150.00 would invalidate the bearish outlook.
Please support boost 🚀 this analysis
USD/JPY Bullish Reversal Setup – Long Entry at Support Zone1. Price Structure
Price has been in a downtrend channel (highlighted in pink).
It has reached the lower boundary of the channel and seems to be consolidating.
This suggests a possible reversal or breakout to the upside.
2. Entry Point
Marked near 148.419 – 148.439.
This is right at the bottom of the consolidation zone, just above the support area.
3. Stop Loss
Placed around 148.085 – 148.099 (yellow box).
Smartly set below the most recent low to protect against further downside if price breaks support.
4. Target
Target point is at 150.249.
This is a big upside move (around 180 pips from entry).
Good risk-to-reward ratio (approx. 1:4), meaning potential profit is much higher than potential loss.
5. Market Context
The chart suggests that once price breaks above the small downtrend (dashed blue line), it could push strongly upward.
This looks like a bullish flag pattern, which is generally a continuation pattern in an uptrend.
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📊 Conclusion
Bias: Bullish (buy setup)
Reason: Price is at channel support + entry is near demand zone + bullish breakout potential.
Plan: Buy near 148.42 with stop loss at 148.09 and target 150.25.
Risk/Reward: Favorable (good setup if price respects support and breaks upward).
⚠ Key Risk: If price closes below 148.09 support, this setup becomes invalid and could drop further.






















