GBP/JPY - Multi Timeframe Analysis

Wait 5 sec.

GBP/JPY - Multi Timeframe AnalysisGBP/JPYOANDA:GBPJPYJibzy_Trades⭐ 8H CHART – Mid-Range Chop But Setting Up a Sneaky Play πŸ“ Current Situation Price is chilling just under that internal BSL, repeatedly tapping a mini supply shelf. You’ve got a SHIFT marked and a clear reaction zone sitting underneath (your grey + blue combo). πŸ’‘ Key Levels Internal BSL β†’ Gets run, we go hunting for External BSL above. Strong support block below β†’ Price keeps respecting this like a trampoline. Market is compressing between: πŸ”Ό 8H supply above πŸ”½ Bullish support block below πŸ“Œ Interpretation: This looks like accumulation under liquidity β†’ classic build-up for a sweep + pop. If price dips first, your grey demand is the reload zone before any upper raid. ⭐ DAILY CHART – Clean Buyside Above, Built For a Run πŸ“ Structure Daily is holding bullish order flow. You’ve got: Daily BSL close overhead External BSL even further up A beautiful Daily demand block (highlighted) that caused the last impulsive leg. πŸ“Œ Interpretation: The arrow you drew says it all β€” Daily wants that buy-side. Sweep the daily demand β†’ send price into external liquidity. Momentum = bullish unless that daily block breaks. ⭐ WEEKLY CHART – HTF Premium Zone Waiting Above πŸ“ The Big Picture Weekly demand held weeks ago and price has been climbing ever since. Key details: That massive weekly supply / inefficiency block above 205-207 is the magnet. Price is stair-stepping higher with clean bullish candles. Arrow toward weekly imbalance = HTF target. πŸ“Œ Interpretation: Weekly is bullish and wants that macro supply fill. Shorts inside here = countertrend until we hit the big zone. 🎯 SUMMARY – What’s the Play? πŸ”₯ Bias: Bullish on all timeframes πŸ“Œ What the market wants: A tiny correction to demand (8H or Daily) Run internal liquidity Push toward 205-207 weekly supply 🧨 What invalidates this? A clean break and close below daily demand β€” then the bullish engine loses fuel.