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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY 30-Minute Chart Analysis & Probability Estimation (Feb 2 **Key Observations:** 1. **Market Structure:** - The price is currently within a **consolidation phase** around the **equilibrium level**. - **Multiple Change of Character (ChOCH) points** suggest liquidity grabs and re-accumulation/distribution. - The **Break of Structure (BOS)** earlier signals bearish intent, but the price is reacting to the **discount zone**. 2. **Supply & Demand Zones:** - **Premium Zone (Red Area - 190.000 & Above):** Strong supply area. - **Discount Zone (Blue Area - Below 188.500):** Demand area, where buyers are showing interest. 3. **Liquidity Areas:** - **Weak High & Previous Day High (PDH ~189.800):** A potential liquidity grab zone. - **Previous Day Low (PDL ~188.200):** A strong low that might get tested. 4. **Current Price Action:** - Price is rejecting the **discount zone** and trying to move higher. - Still trading below the **PDH resistance zone**, meaning further upside requires a liquidity grab. --- **Probability-Based Scenarios:** 1. **Bullish Scenario (Price moves up to PDH - 189.800 or Premium Zone - 190.500)** - **Probability: 60%** - **Reasons:** - Price rejected the **discount zone**, showing buyer strength. - ChOCH shifts indicate possible bullish re-accumulation. - Liquidity above **weak highs** (potential target area). 2. **Bearish Scenario (Price moves down to PDL - 188.200 or below)** - **Probability: 40%** - **Reasons:** - If price fails to break and hold above equilibrium, it may seek liquidity at PDL. - Strong low at PWL (Potential Weak Low) might be a target before bullish continuation. - Market is currently undecided within equilibrium. --- **Final Thoughts:** - **Slightly higher probability of bullish continuation (60%)** as buyers are defending discount zones. - **Watch for confirmation:** If price **breaks and holds above 189.200**, then the bullish move is likely. - **Bearish case:** If price **rejects and falls below 188.800**, then further downside is likely.
by wizzywise1
GBP/JPY - 1H SMC Analysis📊 GBP/JPY - 1H SMC Analysis 🔹 Market Structure & Key Zones: ✅ A+ Level: 189.954 - 190.369 (Potential liquidity grab area) ✅ Key Resistance Zone: 190.233 - 190.369 ✅ Major Target: 187.510 (Potential 250+ pip move) 🔹 Potential Trade Scenarios: 📉 Bearish Setup: • Price is in a premium zone (190.233 - 190.369), making it a high-probability short area. • If price reacts at the A+ Level, we could see a drop towards 187.510. • Risk-free trade achieved above the resistance. 📈 Bullish Case (Low Probability): • If price breaks and holds above 190.369, it may continue towards 190.63 - 190.85. 📌 Trade Plan: 🔹 Entry Idea: Sell from 189.954 - 190.369 zone. 🔹 Stop Loss: Above 190.85 (Safe zone). 🔹 Take Profit: 187.510 (250+ pips move). 💡 Conclusion: • Watching for rejection at A+ Level for a short entry. • If price fails to hold below 190.369, reevaluate the bias. #GBPJPY #SmartMoney #ForexTrading #LiquidityGrab #OrderBlock #RiskManagement #FXFOREVER
by FXFOREVER_87
Probability Analysis:Probability Analysis: Given the market structure and liquidity considerations, we can assign percentage probabilities to different scenarios: Bullish Scenario (Price moves up to PDH - 189.700 or Premium Zone - 191.000) Probability: 55% Reason: The market recently showed a ChOCH to the upside. If price maintains above the equilibrium zone, it may target PDH or even higher into the premium zone. Liquidity above equal highs (EQH) might act as a magnet. Bearish Scenario (Price moves down to PDL - 188.200 or Demand Zone) Probability: 45% Reason: There’s a weak low that could be grabbed before a reversal. Market has seen BOS downward, showing some bearish intent. If price rejects the current resistance and moves below equilibrium, the next stop is the discount zone (188.200-187.900).Slightly higher probability of a bullish move (55%), as price is currently attempting to establish higher lows and break towards PDH. Key Confirmation Needed: If price remains above 188.900, bullish continuation is more likely. If price breaks below 188.500, bearish pressure may take over.
by wizzywise1
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum. @fxopen
Long
by syomking76418
GBP/JPY - 1H SMC Analysis📊 GBP/JPY - 1H SMC Analysis 🔹 Market Structure & Key Zones: ✅ A+ Level: 189.954 - 190.369 (Potential liquidity grab area) ✅ Key Resistance Zone: 190.233 - 190.369 ✅ Major Target: 187.510 (Potential 250+ pip move) 🔹 Potential Trade Scenarios: 📉 Bearish Setup: • Price is in a premium zone (190.233 - 190.369), making it a high-probability short area. • If price reacts at the A+ Level, we could see a drop towards 187.510. • Risk-free trade achieved above the resistance. 📈 Bullish Case (Low Probability): • If price breaks and holds above 190.369, it may continue towards 190.63 - 190.85. 📌 Trade Plan: 🔹 Entry Idea: Sell from 189.954 - 190.369 zone. 🔹 Stop Loss: Above 190.85 (Safe zone). 🔹 Take Profit: 187.510 (250+ pips move). 💡 Conclusion: • Watching for rejection at A+ Level for a short entry. • If price fails to hold below 190.369, reevaluate the bias. #GBPJPY #SmartMoney #ForexTrading #LiquidityGrab #OrderBlock #RiskManagement #FXFOREVER
Short
by FXFOREVER_87
GBP/JPY (British Pound / Japanese Yen) 4-hour analysis,GBP/JPY (British Pound / Japanese Yen) 4-hour analysis on OANDA, incorporating key technical levels: Key Levels & Zones: • Entry Zone: 189.198 - 189.241, acting as a potential buy area. • Support Zone: 187.295 - 187.948, marked in red, indicating a strong support area. • Resistance Levels: • 190.374 (first target) • 191.926 (second target) • 193.052 (major resistance level) Price Projection & Analysis: • The price is currently testing the entry zone, suggesting a potential bounce from this level. • If the price holds above 189.198, a bullish move towards 190.374 and beyond is expected. • A break below 187.921 could lead to further downside towards 187.295 or lower.
by Blue_Pills