GBP/JPY - The Massive Opportunity Most Traders Will Miss!
Welcome to today’s market analysis with Mr. Blue Ocean FX! It’s Sunday, January 12, and while the markets are closed, we’re diving into a detailed look at GBP/JPY and the huge opportunities it presents.
Key Highlights:
• Starting on the monthly time frame, we’re observing a ranging market, with higher highs and lows suggesting an overall bullish trend. However, signs point to potential lower prices ahead due to key liquidity levels being tested and rejected.
• On the weekly time frame, a double-top formation near the 199 area hints at bearish pressure. Key neckline support sits around 190, which, if broken, could open the path to targets at 173 and 163.
• Scaling down to the daily and H4 time frames, the market is consolidating, and liquidity sweeps or retests of significant levels could offer high-reward trade setups. We’re also watching for rejection at key resistance levels before potential further downside.
• Key Trading Tip: Markets range 75-80% of the time—recognize these opportunities to trade within consolidation zones!
Trade Setup:
• Watching for lower-high formations or liquidity sweeps to confirm entries.
• Stops will be placed above key resistance levels, with potential short-term targets at 190 and longer-term targets at 173 and 163.
Stay disciplined: “Don’t chase the falling knife!” Always wait for pullbacks or retests to maximize risk-to-reward.
If you found this analysis valuable, don’t forget to like, share, and follow! Comment below with pairs you’d like us to analyze in future videos.
Happy trading and see you next time!
Key Highlights:
• Starting on the monthly time frame, we’re observing a ranging market, with higher highs and lows suggesting an overall bullish trend. However, signs point to potential lower prices ahead due to key liquidity levels being tested and rejected.
• On the weekly time frame, a double-top formation near the 199 area hints at bearish pressure. Key neckline support sits around 190, which, if broken, could open the path to targets at 173 and 163.
• Scaling down to the daily and H4 time frames, the market is consolidating, and liquidity sweeps or retests of significant levels could offer high-reward trade setups. We’re also watching for rejection at key resistance levels before potential further downside.
• Key Trading Tip: Markets range 75-80% of the time—recognize these opportunities to trade within consolidation zones!
Trade Setup:
• Watching for lower-high formations or liquidity sweeps to confirm entries.
• Stops will be placed above key resistance levels, with potential short-term targets at 190 and longer-term targets at 173 and 163.
Stay disciplined: “Don’t chase the falling knife!” Always wait for pullbacks or retests to maximize risk-to-reward.
If you found this analysis valuable, don’t forget to like, share, and follow! Comment below with pairs you’d like us to analyze in future videos.
Happy trading and see you next time!
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