📊 GBPJPY Technical Analysis — 15-Min Chart (As of July 24, 2025)
Trend Structure & Price Action
The chart shows a clear ascending trendline, connecting higher lows across the last sessions.
Multiple Break of Structure (BOS) points confirm bullish market behavior, with price consistently forming higher highs and higher lows.
The most recent BOS and price rejection from the lower boundary of the cloud band indicate bullish intent is still active.
Indicators Used
Custom Cloud Band (EMA Based 20, 1.5 settings):
Price is oscillating within and around the cloud band.
Recent candles are attempting to reclaim the upper band, suggesting building bullish momentum.
Volume Profile (VRVP) shows strong volume support around the 198.200–198.500 range, aligning with the trendline.
Support & Resistance
Support Zone: 198.200 (trendline confluence + volume shelf)
Immediate Resistance: 198.800–199.000
Major Resistance: 199.400 (next psychological level and prior high)
Forecast & Trade Idea (Educational Purpose)
If price continues to respect the ascending trendline and breaks above the recent local high (~198.750), we could see a bullish breakout toward 199.200+.
A bullish flag or small consolidation above the trendline before breakout is likely, as illustrated by the arrow.
Invalidation occurs if price breaks and closes below the trendline and 198.200, which may trigger a short-term correction.
✅ Conclusion
GBPJPY is currently in a bullish market structure with support from both trendline and volume profile. A clean breakout above 198.800 with volume confirmation could fuel continuation toward 199.200 and beyond. Risk management is crucial — watch for false breakouts or a shift in structure below the rising trendline.
Trend Structure & Price Action
The chart shows a clear ascending trendline, connecting higher lows across the last sessions.
Multiple Break of Structure (BOS) points confirm bullish market behavior, with price consistently forming higher highs and higher lows.
The most recent BOS and price rejection from the lower boundary of the cloud band indicate bullish intent is still active.
Indicators Used
Custom Cloud Band (EMA Based 20, 1.5 settings):
Price is oscillating within and around the cloud band.
Recent candles are attempting to reclaim the upper band, suggesting building bullish momentum.
Volume Profile (VRVP) shows strong volume support around the 198.200–198.500 range, aligning with the trendline.
Support & Resistance
Support Zone: 198.200 (trendline confluence + volume shelf)
Immediate Resistance: 198.800–199.000
Major Resistance: 199.400 (next psychological level and prior high)
Forecast & Trade Idea (Educational Purpose)
If price continues to respect the ascending trendline and breaks above the recent local high (~198.750), we could see a bullish breakout toward 199.200+.
A bullish flag or small consolidation above the trendline before breakout is likely, as illustrated by the arrow.
Invalidation occurs if price breaks and closes below the trendline and 198.200, which may trigger a short-term correction.
✅ Conclusion
GBPJPY is currently in a bullish market structure with support from both trendline and volume profile. A clean breakout above 198.800 with volume confirmation could fuel continuation toward 199.200 and beyond. Risk management is crucial — watch for false breakouts or a shift in structure below the rising trendline.
Order cancelled
The GBPJPY trade has been closed as the market entered a sideways consolidation phase, showing no clear direction. After initial movement, price failed to maintain momentum and started ranging within a tight zone, reducing the probability of a successful breakout in either direction.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.