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.
Trading ditutup: target tercapai
🎯✅ 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! 🏆📊
#EURUSD #ForexQueen # #TechnicalAnalusis #TradingView
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