GBPJPY is currently trading inside a major resistance and supply zone around 215.50 – 216.20, where multiple liquidity levels have been taken. Price has tapped a strong support-turned-resistance area, making this a key decision point for the market.
🔹 Market Structure: Bullish overall, but signs of weakness are appearing near resistance.
🔹 Liquidity Target: Buy-side liquidity has been swept, increasing the probability of a deeper retracement.
🔹 Bearish Scenario: A rejection from the current zone could trigger a move toward the sell-side liquidity (SSL) around 211.30.
🔹 Key Level: Watch for confirmation before entering, as the market may seek liquidity before the next major move.
📌 This analysis is based on Smart Money Concepts (SMC), liquidity, BOS, and CHoCH structures. Always wait for confirmation and manage risk properly.
🔹 Market Structure: Bullish overall, but signs of weakness are appearing near resistance.
🔹 Liquidity Target: Buy-side liquidity has been swept, increasing the probability of a deeper retracement.
🔹 Bearish Scenario: A rejection from the current zone could trigger a move toward the sell-side liquidity (SSL) around 211.30.
🔹 Key Level: Watch for confirmation before entering, as the market may seek liquidity before the next major move.
📌 This analysis is based on Smart Money Concepts (SMC), liquidity, BOS, and CHoCH structures. Always wait for confirmation and manage risk properly.
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Join telegram channel for more updates
t.me/+eAnydIsr87FjYjQ0
t.me/+eAnydIsr87FjYjQ0
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.