GBPJPY Trade Outlook (30m TF) – Bullish Continuation Setup📈
Following an aggressive bullish impulse yesterday that saw GBPJPY rally nearly 200 pips, price decisively continue breaking structure at 189.95, signaling a clear shift in order flow.
Currently, the market appears to be in a corrective phase, retracing into a well-defined demand zone between 189.15 - 188.80 which align perfectly with a bullish order block and ascending trendline support, maintaining the bullish structure.
As long as price holds above 188.80, I remain bullish on this pair, anticipating a continuation towards the 192.00+ premium zone, where further reaction or distribution may occur.
Market bias: Bullish
Trade idea: Wait for a reaction within the demand zones, confirm with bullish intent, and target higher liquidity zones above 191.50.
Stay patient, trust your zones, and always manage risk.
#RYKERSMCPREMIUM #Rykerkain
Following an aggressive bullish impulse yesterday that saw GBPJPY rally nearly 200 pips, price decisively continue breaking structure at 189.95, signaling a clear shift in order flow.
Currently, the market appears to be in a corrective phase, retracing into a well-defined demand zone between 189.15 - 188.80 which align perfectly with a bullish order block and ascending trendline support, maintaining the bullish structure.
As long as price holds above 188.80, I remain bullish on this pair, anticipating a continuation towards the 192.00+ premium zone, where further reaction or distribution may occur.
Market bias: Bullish
Trade idea: Wait for a reaction within the demand zones, confirm with bullish intent, and target higher liquidity zones above 191.50.
Stay patient, trust your zones, and always manage risk.
#RYKERSMCPREMIUM #Rykerkain
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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.
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.