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GBPJPY trade ideas

GBPJPY - Multi-Year Short Update! In our last setup for GBPJPY, we identified a massive diagonal pattern, with price completing wave 4 and preparing for a multi-year drop into wave 5. Since then, price has played out exactly as forecasted — we've seen a clean impulse lower for wave 1, followed by an ABC correction for wave 2, which looks to have now completed. This sets the stage for the next major leg — wave 3 of 5 — which historically carries the most power and momentum. 📉 See monthly chart here: 📊 GBP/JPY Wave‑3 Trade Idea Background: We’ve completed wave 1 down and wave 2 up (ABC correction). GBPJPY is now positioned to start a powerful wave 3 down — the most impulsive leg in an Elliott sequence. 🔍 Current Price Action: Price is rejecting major resistance (previous wave A high + shaded zone) Structure shows a completed 5-wave move up within C, suggesting exhaustion. A clean ascending trendline (red) has formed under wave v — a break here signals the first confirmation. Option 1 – Aggressive Entry: - Trigger: Break and close below the red trendline (~198.00–197.80 zone) on the daily. - Entry: On candle close below trendline - Stop Loss: Above recent high ~199.80 and then breakeven once we move lower Option 2 – Conservative Entry (preferred): - Trigger: Trendline break + correction - Entry: On bearish confirmation and then a correction to indicate further downside - Stop Loss: Above recent high ~199.80 and then breakeven once we move lower Take Profit Levels: - TP1: 192 - TP2: 180 - TP3: 175 - Final Target: Trail for extended move toward wave (3) lows (could be 10,000+ pips over long term) 🔐 Invalidation: Daily close back above 200.00 or impulsive rally beyond the pink resistance zone invalidates the short bias in the short term. ✅ Summary: This is a high-conviction, structure-backed setup with: - Wave count + Fib confluence - Bearish structure at key resistance - Confirmation-based trigger (trendline break + retest) - Excellent long-term risk-to-reward profile 📂 Previous GBPJPY Setups (Track Record): 📌 Free Setup (Big Picture Outlook) – Multi-Year Shorts Incoming (Wave 4 Completion) ✅ Swing 1 – 1,200 Pips (VIP GBPJPY Long) ✅ Swing 2 – 1,000 Pips (VIP GBPJPY Short) ✅ Swing 3 – 1,100 Pips (VIP GBPJPY Short) ✅ Swing 4 – 700 Pips (VIP GBPJPY Short)
by WicktatorFX
1
GBP/JPY At Selling Area , Can We Sell It Now To Get 150 Pips ?Here is my opinion on GBP/JPY , The price at daily res area that forced the price to go down very hard last time and now the price retesting it , i want to see a good bearish price action on 4H T.F To get A Confirmation to can sell and i feel safe , we can enter now a sell trade with small lot size and when we have a good confirmation on bigger T.F We can add another entry , if we have a daily closure above my daily res then this idea will not be valid .
Short
by FX_Elite_Club
6
GBPJPY uptrend support at 196.75Key Support: 196.75 This level marks the prior consolidation zone and serves as a critical pivot. A corrective pullback toward 196.75 followed by a bullish reversal would validate the uptrend, with upside targets at: 199.20 – Initial resistance and short-term target 199.70 – Minor resistance zone 200.40 – Longer-term breakout objective However, a daily close below 196.75 would invalidate the bullish scenario, potentially triggering a deeper retracement toward: 195.80 – Near-term support 194.80 – Key downside level in a bearish reversal Conclusion: As long as 196.75 holds, the bias remains bullish, favoring continuation toward the 199–200 zone. A confirmed break below this support would shift momentum, opening the door for a broader corrective decline. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/JPY BULLISH BIAS RIGHT NOW| LONG Hello, Friends! It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 198.556 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Long
by EliteTradingSignals
3
GBPJPY Will Go Lower From Resistance! Sell! Here is our detailed technical review for GBPJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 199.046. The above observations make me that the market will inevitably achieve 196.674 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Lingrid | GBPJPY possible Pullback From Psychological LevelThe price perfectly fulfilled my last idea . FX:GBPJPY is testing the upper boundary of the resistance zone near the psychological 200.000 mark after a strong bullish impulse. Price is showing early signs of rejection from the red trendline and horizontal resistance, suggesting potential for a corrective move. If confirmed, a drop toward the 197.600–197.000 region becomes likely, aligning with the lower bound of the rising channel. A break below this level could expose deeper downside toward the 195.5 support. 📉 Key Levels Sell trigger: confirmed rejection from 200.000 with bearish engulfing Sell zone: 200.50–200.00 (key resistance zone and trendline touch) Target: 197.600 Invalidation: sustained close above 200.500 flips structure bullish 💡 Risks Strong bullish continuation above 200.000 would invalidate short setup Yen weakness from BOJ policy shifts could drive GBPJPY higher Support at 197.600 may cause bounce and false breakout scenarios If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Short
by Lingrid
9
4H CHoCH Formed – Short from Supply with CautionHello Traders, Today we’ve seen a Change of Character (CHoCH) form on the 4-hour chart after price broke above the higher time frame’s weak high (HH) from yesterday. This suggests we’re now in a bearish counter-trend pullback phase. Trading short from the 4H supply zone with lower time frame (LTF) confirmation presents a high-probability setup. However, keep in mind that on the daily chart, price is reacting from a Fair Value Gap (FVG) or imbalance zone, meaning there’s still a chance price could push higher. So using LTF confirmation before entering shorts is essential.
Short
by fxtrends28
GJ-Thu-10/07/25 TDA-GJ pull back,good support created.Now what? Analysis done directly on the chart Follow for more, possible live trades update! I often share my live trades in Tradingview public chat in London session, stay tuned! Houses aren't built over night, it takes brick by brick, one step at a time. Same for trading, one step at a time. You make mistakes, you learn, you improve. You make more mistakes, you learn more, you should improve more. If it's easy, everyone will do it realistically. Premise: A simple idea plan (like Tradingview public posts) won't describe everything. No one can predict how market will move, it's always good to react to how it moves. It gives an idea of how price might move, but no one come from FUTURE. So I always encourage people to openly and actively discuss in real time. For example discussing on Tradingview public chat (and more). I don't give signals blindly, people should learn and understand the skill. Following blindly signals you won't know how to manage the trade, where precisely put sl and tp, lot size and replicate the move over time. That's why you need active real time discussions. Trading is not get rich quick scheme! Active in London session! Not financial advice, DYOR. Market Flow Strategy Mister Y
by Mister_Y
My View On GBP/JPYWhy I think the tops in Elliott Wave Structure Completed We’re now at the conclusion of a 5‑wave impulse (i→v) that tops off within wave (1), followed by an A‑B‑C corrective sequence. Wave C peaks right inside a major supply zone — classic exhaustion of bullish momentum. Resistance & Trendline Rejection Price hit a red supply/resistance area, tested it, and has already broken back below the short‑term upward trendline. That break is a reliable early signal that the uptrend is losing steam. Bearish Continuation Pattern Forming The drawn schematic suggests a sequence of lower highs is setting up—then a break toward the blue support zone near 196.60–197.40. All signs point to a deeper correction or even a fresh downtrend for wave (3). Technical Confluence at Wave (2) Wave (2) ends within multiple layers of resistance: a price zone, a wave count, and a rising wedge. Combined, this quadruple confluence is a textbook reversal scenario. Macro factors support a top: Central bank divergence is flattening Yen may rebound on global uncertainty Sterling faces domestic fragility
Short
by m0bh4y4t
3
GBPJPY Wave Analysis – 9 July 2025- GBPJPY reversed from long-term resistance level 199.65 - Likely to fall to support level 198.00 GBPJPY currency pair recently reversed from the strong long-term resistance level 199.65 (former strong resistance from October, November and July) standing near the upper daily Bollinger Band. The downward reversal from the resistance level 199.65 is likely to form the daily Shooting Star reversal pattern. Given the bearish divergence on the daily Stochastic indicator and the strength of the resistance level 199.65, GBPJPY currency pair can be expected to fall to the next support level 198.00.
Short
by FxProGlobal
Another Home Run Trade? Risky & Conservative ApproachesFollowing up a MASSIVE win on the OANDA:EURJPY we may now have a similar trading opportunity setting up on the OANDA:GBPJPY The premise is the same for this one as we're looking at a potential violation of structure followed by a Bullish continuation setup. In this video, we'll look at where we think price can extend to, what needs to happen before we can make that prediction, and both a risky and conservative technique to get involved in the move. Please let me know how you would approach this setup! Akil
Long
by Akil_Stokes
2