USD/JPY) Bearish trend analysis Read The captionUS Dollar vs Japanese YenICMARKETS:USDJPYSMC-Trading-PointSMC Trading point update Technical analysis of USD/JPY, suggesting that price may retrace to a premium zone (Fibonacci + EMA confluence) before resuming its downtrend — targeting 152.36. Here’s the detailed breakdown --- Overall Idea The market has broken structure to the downside, confirming a bearish bias. The idea is that price will pull back into the Fibonacci retracement zone (0.5–0.79) for a lower-high formation, then continue falling toward the target zone near 152.36. --- Key Components 1. Market Structure The ascending trendline has been broken, signaling a shift in momentum from bullish to bearish. The price made a lower low, confirming bearish structure. The upcoming retracement is likely to form a lower high, completing the transition phase before the next impulse down. 2. Fibonacci Retracement Zone The blue box (0.5–0.79 levels) marks the optimal sell zone. It aligns with previous structure resistance and offers high confluence for short entries. The 0.705 retracement level sits around 153.8–154.0, where a rejection is expected. 3. EMA Confluence 50 EMA (153.736) and 200 EMA (153.385) are above current price and sloping downward. These act as dynamic resistance, adding confidence to the short setup if price retraces into that zone. 4. Projected Path Expected movement: 1. Small bullish retracement into 0.5–0.79 Fibonacci zone. 2. Rejection near EMA resistance. 3. Formation of a lower high. 4. Continuation to the downside toward 152.36 (target point). 5. Target Area The 152.36 zone aligns with the previous low (liquidity area) and a measured move extension, making it a strong downside target. Mr SMC Trading point --- Summary Market bias: Bearish continuation Setup type: Retracement sell / Trend continuation Sell zone: 153.70 – 154.00 (0.5–0.79 Fibonacci zone) Target point: 152.36 Confirmation: Bearish rejection candle or break below minor structure after pullback Invalidation: Break and close above 154.10 --- please support boost 🚀 this analysis