USD/JPY) Bearish Trend analysis Read The captionUS Dollar vs Japanese YenICMARKETS:USDJPYSMC-Trading-PointSMC Trading point update Technical analysis of USD/JPY Bearish Continuation Setup (1H Timeframe) --- Chart Summary: Pair: USD/JPY Timeframe: 1H Exchange: IC Markets Current Price: 147.856 EMA 50: 148.439 (resistance) EMA 200: 148.396 (resistance) --- 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 --- 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. --- please support boost 🚀 this analysis