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GBPJPY4-hourBearish

GBP/JPY 4-hour (SMC): sell the 212.90–213.30 zone

FXFibo editorial · · 1 min read
Summary

The 4-hour structure in GBP/JPY is bearish: a bearish change of character (CHoCH) at 212.13, with price now around 212.57. The 212.90–213.30 area is the main sell zone.

BiasBearishEntry zone213.10Stop loss213.85Target 1211.60Target 2211.19StatusActive
Invalidation: 4-hour close above 213.78
GBP/JPY 4-hour (SMC): sell the 212.90–213.30 zone

Main scenario

  • Entry zone: 212.90–213.30 (around 213.10)
  • Stop: 213.85
  • Targets: 211.60 and 211.19
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A 4-hour close above 213.78 invalidates the main scenario and opens the way to 214.33.

Key levels

  • Resistance: 213.30, 213.78, 214.33
  • Support: 212.13, 211.60, 211.19

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.