GBP/JPY 1H Analysis: Demand Zone Reversal & Breakout Potential
This is a GBP/JPY 1-hour trading chart with technical analysis drawn on it.
Key Observations:
Support & Resistance Zones:
A blue zone is marked as a demand/support zone, where price previously reversed upward.
A blue horizontal line at the top indicates a resistance level, where price struggled to break through.
Liquidity Points (Marked with Orange Dots):
A high liquidity point at the top (previous swing high) suggests a potential area where price was rejected.
A low liquidity point at the bottom (previous swing low) could indicate stop-loss hunting before reversal.
Price Action & Possible Trade Setup:
The price is consolidating within the blue demand zone.
A long position (buy setup) is outlined:
Entry near the support zone.
Stop-loss below the blue zone (around 188.428).
Take-profit at the previous high (around 190.113).
The expectation is a potential liquidity grab below the support zone before a bullish push.
Market Structure:
The market is in a ranging phase, bouncing between support and resistance.
If price breaks below the blue demand zone, it could trigger a bearish continuation instead of the expected bullish move.
Conclusion:
If price holds above the support zone, a bullish breakout towards 190.113 is expected.
A fakeout below support before reversing upwards is also a possibility.
Traders should monitor for confirmation signals (candlestick patterns, volume, etc.) before entering.
Key Observations:
Support & Resistance Zones:
A blue zone is marked as a demand/support zone, where price previously reversed upward.
A blue horizontal line at the top indicates a resistance level, where price struggled to break through.
Liquidity Points (Marked with Orange Dots):
A high liquidity point at the top (previous swing high) suggests a potential area where price was rejected.
A low liquidity point at the bottom (previous swing low) could indicate stop-loss hunting before reversal.
Price Action & Possible Trade Setup:
The price is consolidating within the blue demand zone.
A long position (buy setup) is outlined:
Entry near the support zone.
Stop-loss below the blue zone (around 188.428).
Take-profit at the previous high (around 190.113).
The expectation is a potential liquidity grab below the support zone before a bullish push.
Market Structure:
The market is in a ranging phase, bouncing between support and resistance.
If price breaks below the blue demand zone, it could trigger a bearish continuation instead of the expected bullish move.
Conclusion:
If price holds above the support zone, a bullish breakout towards 190.113 is expected.
A fakeout below support before reversing upwards is also a possibility.
Traders should monitor for confirmation signals (candlestick patterns, volume, etc.) before entering.
Trade fermée: cible de profit atteinte
🎯✅ Another Target Hit – EUR/USD Playing Out Perfectly! ✅🎯
Boom! 🚀 Our analysis on GBPJPY nailed the key resistance zone, leading to the expected rejection! 📉🔥
Patience and precision always pay off in trading! If you caught this move, let me know in the comments! 💰💡
More setups coming—stay tuned, and let’s keep winning together! 🏆📊
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.