British Pound / Japanese Yen
Long
Updated

GBP/JPY) Bullish trend analysis Read The caption

420
SMC Trading point update



Technical analysis of GBP/JPY 1H – SMC + Technical breakdown based exactly on the chart you shared:


---

Market Structure

Market has shifted bullish after:

A strong impulsive move up

Followed by a corrective pullback


Recent candles show break of the descending correction trendline, confirming:


> Change of Character (CHoCH) → Bullish continuation




---

EMA Confirmation

EMA 50 ≈ 206.66

EMA 200 ≈ 206.17

Price:

Rejected strongly from EMA 200

Now trading above EMA 50


This confirms:


> Trend realignment to the upside




---

Fibonacci Confluence

Your fib is drawn perfectly:

0.62 – 0.79 retracement zone aligns with:

EMA 200

Structural demand

Trendline support
→ This forms a high-probability institutional buy zone.




---

SMC Logic

Sequence visible:

1. Bullish impulse


2. Deep pullback into discount (0.62–0.79)


3. Liquidity sweep below the low


4. Strong bullish displacement


5. Break of corrective structure



This is a classic SMC bullish continuation model.


---

Key Levels

Strong Demand: 206.00 – 206.30

Mid Support: 206.60

Breakout Level: 207.00

Major Target / Liquidity: 208.19 (your marked target)



---

Trade Idea (From Your Chart)

Buy Setup

Entry Zone: 206.60 – 206.90

Stop Loss: Below demand → 205.85

Target 1: 207.40

Final Target: 208.20

Risk : Reward: 1:3+



---

Projected Price Path
Minor pullback → Higher low → Strong impulsive rally

Final expansion into:

Previous high

Liquidity pool at 208.19

Premium zone




---

Invalidation Criteria

This bullish setup is invalid if:

H1 candle closes below 205.85

Or price re-enters and holds below EMA 200


Mr SMC Trading point

---

Final Verdict

Trend: Bullish continuation
Structure: Break of bearish correction
Entry: Fib discount + EMA 200 + Demand
Target: 208.19 liquidity
Bias: BUY on pullbacks


---

Please support boost 🚀 this analysis
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.