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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 Feb 26th Cont.....Learn about discipline and identifying poor market conditions over chasing what is clearly not there to start with. The word Anticipation is used way to much for those looking to get into trade positions and is simply guess work and hoping for something that can clearly be identified as such prior. "the need to trade" mindset. Time is better spent how to identify this than sitting at a chart hoping for hours that something may appear. Self progression is more important than trying to be a "trader". Those who can trade would be able to identify the limited options here many hours before. This is called experience.. Cant be bought or sold, but can be discussed and explained why as it was in the community. Identify the correct areas to work on and you will see solid progress so much faster. Work along side the correct people, take notes and ask the right questions to be able to do so !!!
by Trade_With_Monty
1
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
Short
by syomking76418
1
GBPJPY STRONG BULLISH OPPORTUNITY 1. Range-Bound Market Assumption The analysis assumes that price is bouncing between a horizontal range (support and resistance). However, ranges don’t last forever—a breakout or breakdown is inevitable. Instead of expecting a structured bounce, a fake breakout or a liquidity grab could occur. 2. Support Zone Over-Reliance The expectation of multiple support bounces is risky because: The more times price tests support, the weaker it becomes. A stop hunt scenario could push price below support before reversing. If buyers don’t step in with strong momentum, a breakdown might be more likely than the predicted bullish move. 3. Resistance Breakout Bias The projection shows a clean breakout above resistance after consolidation. However, GBP/JPY is highly volatile, meaning: A fakeout above resistance could trap buyers before reversing. A rejection at resistance might cause a sharp drop instead of a rally. 4. Missing Volume & Trend Confirmation No volume analysis is provided—breakouts need high volume for confirmation. No higher time frame confirmation (1H, 4H) is shown, making it unclear whether the trend is truly bullish or just ranging. Alternative View Instead of assuming a smooth upward breakout, consider: Bearish Scenario: A false breakout above resistance followed by a strong reversal. Liquidity Grab: A dip below support before an actual reversal. Wait for confirmation: If price closes above resistance with volume, a buying opportunity is stronger
Long
by Fx_Oliviaa
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
DeGRAM | GBPJPY retest of dynamic supportGBPJPY is in a descending channel between the trend lines. The price is moving from the upper boundary of the channel, but it has already reached the dynamic support, which previously acted as a rebound point. On the 1W Timeframe, the chart is in the accumulation zone, which is characterized by the fact that volumes have increased and the pair is held in a certain trading zone. Before reaching the lower trend line, a harmonic pattern was formed, the potential of movement of which held under the 50% retracement level. We expect price growth after fixing above the mentioned retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
5