GBPJPY 30M – Liquidity Sweep from Key Level toward Buy-Side

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GBPJPY 30M – Liquidity Sweep from Key Level toward Buy-SideBritish Pound/Japanese YenFX:GBPJPYPIPSBULL-FX📌 This idea focuses on GBPJPY on the 30-minute timeframe, highlighting price reaction from a strong SNR / key level, a potential liquidity sweep, and upside attraction toward buy-side liquidity. Price previously traded in a range and has now reacted from a strong SNR / key level. The current structure suggests a stop-hunt or liquidity grab below the range before price seeks higher liquidity resting above. 🔎 Technical Observations - 📉 Prior range with multiple reactions - 🧲 Buy-side liquidity resting above recent highs (MAGNET) - 🧱 Strong SNR / key level acting as base support - 🎯 Potential liquidity sweep below the range - ⚠️ Trap zone marked above mid-range (bull/bear trap context) 📊 Market Context - Price dips into the key level to collect sell-side liquidity - Sharp rejection from the lows signals defensive buying - Acceptance back above the range supports upside continuation - Failure to reclaim structure may lead to extended consolidation 🧠 Execution Notes - No entry inside the sweep - Wait for acceptance and structure confirmation - Bias remains reactive, not predictive 📚 Educational Purpose Only This analysis is shared for market structure and liquidity study. It is not trading advice. — PIPSBULL FX