GBP/JPY Analysis – Trading with the Higher Timeframe NarrativeBritish Pound vs Japanese YenPEPPERSTONE:GBPJPYShaboS**GBP/JPY Analysis – Trading with the Higher Timeframe Narrative** At first glance, the picture looks contradictory. On the **Daily (D1)** timeframe, **GBP/JPY remains in a bearish order flow.** However, on the **H1 and M15**, the market is currently **bullish**. Why? The answer lies in understanding **market context**. The **equilibrium (50%) of the D1 bearish swing** is still above the current price. This suggests that the market may continue its retracement before the higher-timeframe bearish trend resumes. As long as price has **not yet reached the D1 equilibrium**, my bias on the lower timeframes remains **bullish**. Below the current price, there is a **Break of Structure (BOS) zone**. If price retraces into this area, sweeps liquidity, and confirms with a **Market Structure Shift (MSS)**, I will look for long opportunities. My initial objective would be the **D1 Equilibrium (50%)**, where I will reassess the market structure. This is a good reminder that: **The higher timeframe provides the narrative.** **The lower timeframe provides the execution.** Trade the story. Execute the confirmation. #Trading #Forex #GBPJPY #PriceAction #ICTConcepts #SmartMoneyConcepts #MarketStructure #DayTrading