GBP/JPY Analysis – Structure and Potential ScenarioOn this chart, we observe an interesting price dynamic on GBP/JPY, marked by key levels and liquidity zones. Here’s a breakdown of my analysis:
Key Zones and Structure
Supply and Demand Zones:
The blue zones represent historical supply and demand areas where buyers and sellers have shown strong interest.
These levels will be crucial to watch for potential reactions.
Fibonacci Levels:
The 61.8% retracement has been reached, a key area where reversals often occur.
A possible extension towards higher levels is expected if the current structure holds.
Support and Resistance:
The green lines highlight the most relevant support and resistance levels in this market context.
Anticipated Scenario
📈 Bullish Scenario:
If the price holds above the marked support, a bounce is expected, with a potential breakout toward higher resistance zones.
A close above the key level (grey zone) could trigger a significant bullish continuation.
📉 Bearish Scenario:
A clean break below the support zones would likely lead to further downside pressure, potentially targeting lower Fibonacci levels.
Plan of Action
I am closely monitoring:
A bullish confirmation with clear signals on lower timeframes.
Rejections or significant candlesticks around the blue zones.
Reminder: This analysis is based on probabilities and does not constitute financial advice. Always manage your risk!
