British Pound / Japanese Yen
Long
Updated

GBP/JPY) Bullish trend analysis Read The caption

473
SMC Trading point update




Technical analysis of GBPJPY – 1H chart using SMC + structure break + support flip.



Market Context
• Bias: Bullish continuation
• Strong impulsive move up → market entered consolidation
• Structure shows accumulation above key support
• EMA alignment:
• EMA 50 above EMA 200
• EMA 50 acting as dynamic support



What the Market Did
• After the impulsive rally, price formed a descending corrective structure
• That structure was broken to the upside → bullish BOS
• Price is now holding above a key support zone (blue area)

This signals re-accumulation, not distribution.



Key Support / Demand Zone (Blue Area)

~210.20 – 210.60

Why this zone matters:
• Previous resistance → support flip
• Multiple reactions (acceptance)
• EMA 50 sitting inside the zone
• Liquidity sweep below support → quick recovery

This is where buyers are defending positions.



Trade Idea (Continuation Long)

Buy on pullback or buy on confirmation
• Entry: 210.30 – 210.60
• Stop Loss: Below support (~209.90)
• Targets:
• TP1: 211.50 (recent high)
• TP2: 212.60
• Final TP: 213.30 – 213.50 (marked target point / liquidity above highs)

Risk–Reward: ~1:3+



Confirmation Triggers

Best confirmations:
• Bullish engulfing candle from support
• Strong rejection wick (liquidity grab)
• Lower-TF CHoCH
• Momentum expansion after pullback



Invalidation
• 1H close below ~209.90
• Acceptance below EMA 50 + support zone

If this happens → bullish continuation idea is invalid, and price may rotate deeper.

⸻ Mr SMC Trading point

Summary

This setup is a classic bullish continuation after consolidation:
• Trend intact
• Structure break
• Support flip + EMA confluence ✔


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