GBPJPY H4 Analysis

GBPJPY H4 Analysis & Trade Setup 📈✍️

Introduction:

The GBPJPY 4-hour chart indicates a potential bullish reversal following a significant market structure shift (MSS) and a fair value gap (FVG) forming in the price action. The market has rebounded from a Daily BRB (Bullish Reversal Block), suggesting a strong demand zone.

Key Observations:

🔹 Market Structure Shift (MSS): A shift in market structure indicates a transition from bearish to bullish momentum.
🔹 Fair Value Gap (FVG): The price has broken out and filled a short-term FVG, showing signs of bullish strength.
🔹 Daily BRB Zone: A major support area where buyers are stepping in, confirming the bullish bias.

Trade Setup Idea:

✅ Entry: Look for a retracement into the highlighted FVG and Daily BRB around the 189.000 – 190.000 level.
✅ Confirmation: Wait for bullish price action signals like rejection wicks, bullish engulfing candles, or a break of minor resistance.
✅ Targets:

• Short-term: 192.000
• Mid-term: 195.000
• Long-term: 197.000+
  ✅ Stop-Loss: Below the Daily BRB zone (~188.000) to protect against invalidation.

Conclusion:

This setup favors a bullish continuation if price respects the demand zone and builds higher highs. However, a break below 188.000 could shift the bias bearish. Always confirm with price action before executing the trade! 📊👀