**Timeframes Covered:**
- **30-Minute (M30)**
- **1-Hour (H1)**
- **4-Hour (H4)**
- **Daily (D1)**
**Key Observations Across Timeframes:**
**1. Market Structure & Trend Analysis:**
- **Short-term:** (M30, H1) Price is trading near **equilibrium (~189.600 - 189.800)** with minor bullish structure.
- **Mid-term:** (H4) Price is rejecting from a previous **liquidity zone**, but still inside a bearish structure.
- **Long-term:** (D1) Overall, **GBPJPY is still bearish** with price bouncing from the **discount zone (188.000 - 187.500)** but failing to break above **key resistance (190.500 - 191.000).**
**2. Supply & Demand Zones:**
- **Premium Zone (~190.500 - 193.000):** Strong supply zone, price may reject if it reaches this level.
- **Discount Zone (~187.500 - 186.500):** Strong demand zone where price recently found buyers.
- **Equilibrium (~189.600 - 189.800):** Price is currently consolidating, meaning market is undecided.
**3. Liquidity Areas & Key Levels:**
- **Previous Daily High (PDH ~190.000) & Previous Weekly High (PWH ~192.000):** These levels may act as liquidity magnets.
- **Previous Weekly Low (PWL ~187.500):** If price drops, this will be the next area of interest for liquidity.
- **Weak High near 190.500:** If price struggles here, expect a reversal.
---
**Probability-Based Scenarios:**
**1. Bullish Scenario (Move Towards 190.500 - 192.000)**
- **Probability: 50%**
- **Reasons:**
- Short-term bullish momentum (M30 & H1) suggests price might push toward the **premium zone (190.500 - 192.000).**
- If price **breaks and holds above 189.800**, it could push higher.
- Liquidity above **PDH (190.000) could be a target** before a potential rejection.
**2. Bearish Scenario (Drop Below 188.500 Towards PWL)**
- **Probability: 50%**
- **Reasons:**
- **H4 & D1 remain bearish**, meaning a continuation of the downtrend is still possible.
- If price **fails to hold above 189.600**, expect a move lower towards **188.500 or even 187.500 (PWL).**
- The **0.618 Fibonacci level (190.626) is acting as strong resistance.**
**Final Thoughts & Trade Plan:**
- **Market is currently in a neutral zone (50/50 probability)**, meaning it can go either way.
- **Key Confirmation Levels:**
- **Above 189.800:** Bullish towards **190.500 - 192.000**.
- **Below 189.600:** Bearish towards **188.500 - 187.500**.
- **30-Minute (M30)**
- **1-Hour (H1)**
- **4-Hour (H4)**
- **Daily (D1)**
**Key Observations Across Timeframes:**
**1. Market Structure & Trend Analysis:**
- **Short-term:** (M30, H1) Price is trading near **equilibrium (~189.600 - 189.800)** with minor bullish structure.
- **Mid-term:** (H4) Price is rejecting from a previous **liquidity zone**, but still inside a bearish structure.
- **Long-term:** (D1) Overall, **GBPJPY is still bearish** with price bouncing from the **discount zone (188.000 - 187.500)** but failing to break above **key resistance (190.500 - 191.000).**
**2. Supply & Demand Zones:**
- **Premium Zone (~190.500 - 193.000):** Strong supply zone, price may reject if it reaches this level.
- **Discount Zone (~187.500 - 186.500):** Strong demand zone where price recently found buyers.
- **Equilibrium (~189.600 - 189.800):** Price is currently consolidating, meaning market is undecided.
**3. Liquidity Areas & Key Levels:**
- **Previous Daily High (PDH ~190.000) & Previous Weekly High (PWH ~192.000):** These levels may act as liquidity magnets.
- **Previous Weekly Low (PWL ~187.500):** If price drops, this will be the next area of interest for liquidity.
- **Weak High near 190.500:** If price struggles here, expect a reversal.
---
**Probability-Based Scenarios:**
**1. Bullish Scenario (Move Towards 190.500 - 192.000)**
- **Probability: 50%**
- **Reasons:**
- Short-term bullish momentum (M30 & H1) suggests price might push toward the **premium zone (190.500 - 192.000).**
- If price **breaks and holds above 189.800**, it could push higher.
- Liquidity above **PDH (190.000) could be a target** before a potential rejection.
**2. Bearish Scenario (Drop Below 188.500 Towards PWL)**
- **Probability: 50%**
- **Reasons:**
- **H4 & D1 remain bearish**, meaning a continuation of the downtrend is still possible.
- If price **fails to hold above 189.600**, expect a move lower towards **188.500 or even 187.500 (PWL).**
- The **0.618 Fibonacci level (190.626) is acting as strong resistance.**
**Final Thoughts & Trade Plan:**
- **Market is currently in a neutral zone (50/50 probability)**, meaning it can go either way.
- **Key Confirmation Levels:**
- **Above 189.800:** Bullish towards **190.500 - 192.000**.
- **Below 189.600:** Bearish towards **188.500 - 187.500**.
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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.
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.