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GBPJPYDailyBullish

GBP/JPY daily (SMC): buy the 211.20–211.80 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in GBP/JPY is bullish: a bullish break of structure (BOS) at 211.995, with price now around 212.57. The 211.20–211.80 area is the main buy zone.

BiasBullishEntry zone211.60Stop loss210.20Target 1213.78Target 2214.33StatusActive
Invalidation: Daily close below 210.21
GBP/JPY daily (SMC): buy the 211.20–211.80 zone

Main scenario

  • Entry zone: 211.20–211.80 (around 211.60)
  • Stop: 210.20
  • Targets: 213.78 and 214.33
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close below 210.21 invalidates the main scenario and opens the way to 210.21.

Key levels

  • Resistance: 213.78, 214.33, 216.34
  • Support: 211.80, 211.19, 210.21

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.