GBPJPY SHORT (swing)This is a trade setup based on a **Bearish Butterfly Harmonic Pattern**. The pattern meets all the key Fibonacci criteria for validity. Specifically, the AB leg retraces 80.8% of XA, which is close to the ideal 78.6% level and is considered acceptable, especially since it closed with a wick. The BC leg retraces 37.5% of AB, which is within the standard range of 38.2% to 88.6%. The CD leg extends 127% of XA, which is the minimum required for a valid Butterfly pattern, and also extends 252% of BC, which falls within the acceptable range of 161.8% to 261.8%.
What makes this setup stronger is that the Potential Reversal Zone (PRZ) at point D coincides with a **major resistance level**, adding significant technical confluence to the area. This increases the probability of a market reaction or reversal from that zone.
However, no entry will be taken immediately upon price reaching the PRZ. A trade will only be initiated **after the appearance of a confirmed reversal candlestick pattern** at or near the D point, such as a bearish engulfing.
This ensures that we enter with confirmation and not just based on pattern completion.
JPYGBP trade ideas
GBPJPY: Bearish Forecast & Outlook
Looking at the chart of GBPJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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GBP/JPYGBP/JPY has been bullish since April, since then price has reached a significant key area at 199.000-200.000. Over the next few days/weeks i shall be watching this pair to see if price rejects this key zone or if its able to push through. This will determine my next move as to whether we go short or long.
gbpjpyLet’s take a look at the #GBPJPY pair. Despite continuing in a clear uptrend confirmed by the weekly close and the start of this week, I wouldn’t rush into buying at the current levels just yet. 🚀📈
On the chart, I’ve marked two potential entries with different zones to watch. We’ll need to see if the price pulls back to these areas and finds support before considering a position. 🔍📉
As always, these setups are not fully confirmed, so it’s better to approach them with caution—either by using smaller position sizes or by ensuring that the combined risk of both trades does not exceed what you would risk on a single trade. ⚠️📊
Managing your risk carefully and waiting for a clearer confirmation can help protect your capital and maximize your chances of success. Patience and discipline remain key! 💪💼
GBPJPYTargeting 1:7 RR this trade can be risky but have good potential as Price can even Take me out ( touch me SL then go UP ) so be cautious but yes its a good trade and has reason low liquidity retailers are trying to push price below and later retailers will try to buy at Double bottom same will be done by institutional and sellers will be taken out then buyers will be taken out so it will go up then can go down than back up
GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 197.518.
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GBP/JPY Faces Critical Supply Zone Near 199.8 Monthly High GBP/JPY hit the monthly high resistance at 199.8, a level backed by a bearish fair value gap from July 2024. The pair now trades near 199.2, just below this zone.
With supply levels extending to 201.9, a decline toward the weekly support at 195.3 is expected if selling pressure builds.
GBP/JPY Rising Within Ascending Channel – Target in SightGBP/JPY is currently moving within an ascending channel, where price action is forming higher highs and higher lows. This pattern indicates a steady uptrend.
At the moment, the pair is approaching the upper boundary (resistance line) of the channel. Based on the current momentum and structure, we expect the price to continue its upward movement and test the upper trendline.
This upper line serves as our near-term target, where we may look to take profit or reassess the trade setup. As long as the price remains within the channel and respects the trendline structure, the bullish bias remains intact.
GJ-Tue-08/07/25 TDA-Trump's new tariff 25% on Japan, YEN weakAnalysis 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!
Trump's new tariff 25% on Japan and South Korea has Yen weakening
further more significantly. Historically JXY is at minimum levels, where
BoJ can possibly intervene and buy back YEN and strengthening it.
Possibly causing massive dump on GJ like 100-200-300 pips move
within minutes. Always be careful and stay up to date to recent global
events and more.
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
GBPJPYGBPJPY price is near the major resistance zone 200.186. If the price cannot break through the 200.186 level, it is expected that the price will go down. Consider selling the red zone
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Timeframes: Why They’re Fundamentally Flawed (And What To Do)When analyzing price action, timeframes serve as a convenient lens through which traders attempt to make sense of the market. They help us categorize price movement — bullish , bearish , ranging , trending , and so on — within a structured framework. But here’s the reality: candlesticks themselves aren’t real . Much like clocks or calendars, they’re simply man-made constructs — tools we've invented to measure and scale something intangible: time . I know that might sound a bit abstract, but stay with me.
While traders commonly rely on standard timeframes like the Daily, 4H, 1H, 15M , etc., it’s important to recognize that price doesn’t conform to these rigid intervals. The market moves continuously, and the “spaces between” those timeframes — like a 27-minute or 3-hour chart — are just as real . These non-standard timeframes often offer better clarity depending on the speed and rhythm of the market at any given moment.
This begs the question: How do we keep up with this ever-shifting pace? Do we constantly toggle between similar timeframes to recalibrate our analysis? Do we measure volatility? Amplitude? Period length? There’s no clear consensus, which leads to inefficiency — and in trading, inefficiency costs.
In my view, the solution lies in blending multiple nearby timeframes into a single, adaptive framework . We need a representation of price action that adjusts automatically with the speed of the market. And the answer is surprisingly simple — literally . It’s called the Simple Moving Average (SMA) .
Think an SMA is just a line representing past highs, lows, or closes? It’s much more than that. When used creatively, the SMA becomes a dynamic lens that filters noise, reveals trend clarity, and smooths out irregularities in price behavior. Rather than relying on a single metric, we can combine multiple SMA variations — highs, lows, opens, closes — into one composite view of the market . This gives us a continuously adjusting snapshot of average price action.
Once we adopt this approach, everything starts to click.
• Engulfing patterns become more reliable
• Liquidity sweeps occur less frequently
• Supply and demand zones become more precise
• Market structure begins to make consistent sense
With SMA-based price action , our strategies don’t just become clearer — they become smarter .
Want to See It in Action?
If you’re interested in applying this concept to your own trading strategy, check out my TradingView profile: The_Forex_Steward . There, you’ll find the SMA Price Action indicator used in the examples shown, as well as tools that apply this methodology to:
• Supply and Demand
• Market Structure
• Market Balance Levels
• Velocity & Momentum
• And more to come!
If you found this idea helpful, be sure to follow the page. I’ll be releasing more exclusive indicators and trading concepts soon — so stay tuned!
GBPJPY Elliott Wave AnalysisHello friends
We are witnessing the formation of a complete Elliott wave pattern on the GBPJPY chart. These waves from 1 to 5 are quite clear and you can even count their subwaves (especially the microwaves of the main wave 3). Now wave 5 is completing and moving inside an ascending channel.
At the moment, the microwaves of the 5th wave have not been completed, so we expect the price to grow within this channel. The minimum growth is up to 200.00, of course, it can grow even more.
But after the completion of the 5th wave, with the breakdown of the trend line drawn below and a return to it, we can expect the price to fall to the specified support. The first support is 196.00. Of course, the price decrease in the 5th wave is always accompanied by divergence and a decrease in the slope of the chart, as you can see that the slope of wave 5 is much lower than wave 3.
Good luck and be profitable.
GBPJPY sitting at resistance – Is a drop to 193.360 likely?GBPJPY is sitting right at a key daily resistance zone. This is a level where it has struggled to break through and reversed strongly to the downside. So this makes it definitely one to monitor, especially if you’re eyeing potential short setups.
If we start seeing signs that the price is getting rejected here: like long wicks, strong bearish candles, it could be the early indication of another move lower. My focus is on a moderate drop toward the 193.360 area, similar to what we’ve seen in past pullbacks. Nothing too dramatic, just a simple downside play if sellers step in again.
But if we get a strong breakout? That changes everything: it would hint that bulls are taking full control. This area is pretty important and could give us a better idea of where price is headed next.
Just sharing my thoughts on support and resistance, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.