GBPJPY BUY TRADE PLANBritish Pound vs Japanese YenICMARKETS:GBPJPYjibkhan111📌 X WEEKLY TRADE PLAN — GBPJPY Status CONDITIONAL TRADE PLAN — TWO SAME-DIRECTION BUY PATHS Executable elite plans: 2 1. Primary: Existing pullback reaction—waiting for the first retest 2. Alternate: Breakout-retest buy above the weekly high Only one GBPJPY position may become active. Market Structure * W1: Strong established uptrend at fresh structural highs. * D1: Bullish continuation structure. * H4 swing: Bullish. * Current H4 leg: Corrective pullback after the 219.60 expansion. * Current stage: Price already reached approximately 217.99, reacted bullishly and closed around 218.49. The initial support touch has occurred; the next professional entry is the retest. Scenario A — PRIMARY PULLBACK BUY Trade Type Trend Continuation Pullback Main POI Zone 217.75–218.25
 Preferred Execution Band 217.95–218.15 Entry Buy Limit: 218.05, only after Monday’s open confirms that the structure remains intact. Current Execution Stage The zone has already been tapped and the first bullish H4 response has printed. I am not waiting for another initial confirmation candle. The trade is now waiting for: 1. No bearish weekend gap beneath 217.75. 2. A controlled first retest into 217.95–218.15. 3. No strong H4 acceptance below 217.75. 4. Entry around 218.05. This is not a market buy at 218.49. Stop Loss SL: 217.15
 Targets * TP1: 219.55 — recent H4/weekly high * TP2: 220.85 — main continuation objective * TP3: 222.20 — weekly extension only after acceptance above TP2 Risk / Reward * RR to TP2: approximately 1:3.1 * Risk: 0.50% maximum Cancel Trade If * H4 closes below 217.15. * Price accepts below 217.75 rather than defending it. * Price reaches 219.55 before offering the retest. * Monday gaps beneath the POI. * UK or Japanese data cuts through the zone with bearish displacement. * The order remains unfilled at Friday New York close. Trade Management TP1 — 219.55:
Reduce approximately 25–30%. This is the high that initiated the current pullback. If price reaches it but then closes H4 beneath 218.25, protect the remainder because the breakout is failing to hold. TP2 — 220.85:
Close most of the position. This is the principal continuation objective following acceptance above the previous high. TP3 — 222.20:
Keep only a small runner after H4 closes above 220.85 and successfully holds that level on a retest. A strong rejection at TP2 ends the extension attempt. Scenario B — BREAKOUT BUY ALTERNATE Inactive unless 219.65 is accepted first. Trade Type Breakout-Retest Expansion Main POI Zone 219.20–219.65 Preferred Execution Band 219.35–219.55 Entry Buy: 219.45, after confirmed breakout and retest. Activation 1. H4 closes above 219.65. 2. Price retests 219.20–219.65. 3. The retest holds above the broken weekly high. 4. Enter near 219.45 while H4 remains accepted above the structure. A wick above 219.65 is not enough. Stop and Targets * SL: 218.65 * TP1: 220.40 * TP2: 221.90 * TP3: 223.50 * RR to TP2: approximately 1:3.1 * Risk: 0.50% Cancel If * H4 closes below 218.65 after the breakout. * Price reaches 220.40 without offering the retest. * The primary pullback buy is already active. * The breakout is only a temporary data spike. * Unfilled at Friday New York close. Validity / Expiry Valid through Friday, July 24 New York close, unless cancelled earlier. Trader Note GBPJPY has already pulled into the 217.75–218.25 support block and produced the first bullish H4 response, so I am not waiting for another initial zone touch and I am not buying 218.49 after the bounce. My next action is the first controlled retest into 217.95–218.15, where I will buy around 218.05 provided sellers cannot establish below 217.75. If price runs straight back to 219.55, the pullback entry is missed and I do not chase it. If 219.65 breaks first, I switch attention only to the confirmed breakout-retest setup. An H4 close below 217.15 ends the bullish thesis. Scenario Audit * Executable elite plans: 2 * Primary pullback buy: valid; initial reaction printed, retest outstanding * Same-direction breakout buy: valid later * Sell from 219.20–219.70: Watch Only—counter-H4 reversal requires H1 confirmation * Deeper buy beneath 217.15: rejected—current bullish structure would already be damaged