GBPJPY is still in a bullish correction after the strong bearish wave from 218.50 to 209.50. Price is now around 215.60 and moving toward the H4 Bearish OB at 218.00–218.60.
My view for today: I expect the bullish correction to continue toward 217.80–218.40 first. This is the main decision zone. If price sweeps the area and confirms a bearish MSS/CHoCH on the lower timeframe, I expect the next move to turn bearish.
📌 Today’s Trading Plan
Bias: Bullish correction → bearish reversal
Entry Zone: 218.00–218.40
Confirmation: Bearish MSS/CHoCH after rejection
SL: 218.90
TP1: 215.20
TP2: 214.20
TP3: 213.50
TP4: 212.20 Liquidity
📍 Expected Market Path
215.60 → 217.80–218.40
→ Sweep/rejection
→ Bearish MSS
→ 215.20
→ 214.20
→ 213.50
→ 212.20 liquidity
The 218.00–218.60 Bearish OB is the key area. I do not want to anticipate the reversal before price reaches this zone and confirms a structural shift.
Invalidation:
A strong H4 close above 218.60 invalidates the bearish reversal scenario and opens the possibility of further upside.
Key Insight:
The current rally is still treated as a correction until GBPJPY proves otherwise. For today, 218.00–218.60 is the level that decides whether this recovery continues or turns into the next bearish leg.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
