GBP/JPY Market Shift or Liquidity Grab? Here’s What I’m Seeing!
Yesterday, we were focused on GBP/JPY selling off after a major support break, but today’s price action is revealing a potential shift in momentum. While the larger structure still suggests a bearish outlook, recent price behavior is showing signs of a liquidity grab before any major move.
On the H4 and H1 timeframes, we’re seeing slow but steady higher highs forming after a key support at 191.58 held. This suggests that before any deeper drop, GBP/JPY may need to sweep liquidity above recent highs at 192.50 and 193.18. The price action is creeping upward, with candle closures above key resistance levels—a major sign of potential upside before sellers truly take control.
Here’s what I’m watching:
📌 A breakout and liquidity sweep above 193.18 before a possible reversal
📌 Holding above 192.50 could indicate a continued bullish push toward 194.74
📌 If buyers fail and price rejects the highs, we may see a strong downside continuation
This is a crucial turning point—will GBP/JPY fake out buyers before dumping, or are we seeing the start of a larger move up?
On the H4 and H1 timeframes, we’re seeing slow but steady higher highs forming after a key support at 191.58 held. This suggests that before any deeper drop, GBP/JPY may need to sweep liquidity above recent highs at 192.50 and 193.18. The price action is creeping upward, with candle closures above key resistance levels—a major sign of potential upside before sellers truly take control.
Here’s what I’m watching:
📌 A breakout and liquidity sweep above 193.18 before a possible reversal
📌 Holding above 192.50 could indicate a continued bullish push toward 194.74
📌 If buyers fail and price rejects the highs, we may see a strong downside continuation
This is a crucial turning point—will GBP/JPY fake out buyers before dumping, or are we seeing the start of a larger move up?
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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.