GBP/JPY SELL SETUP - Range Resistance RejectionGBPJPY is showing classic range-bound behavior with a clear rejection setup at key resistance.
📊 Market Analysis
Timeframe: Daily
Bias: Bearish (within established range)
Pattern: Range-bound market with resistance rejection
🎯 Trade Setup
Entry: 196.400 - 196.800 (on rejection candles)
Stop Loss: 199.200 (above range high)
Take Profit 1: 192.500 (mid-range)
Take Profit 2: 189.500 (range support)
📈 Technical Reasons
✅ Multiple rejections at 198.480 resistance level
✅ Range-bound market structure intact
✅ Bearish rejection candle formation
✅ Risk-reward ratio 1:2 to 1:3
🔍 Key Levels
Resistance: 198.480 (range top)
Support: 189.365 (range bottom)
Invalidation: Break above 199.200
⚠️ Risk Management
Position size: 1-2% of account
Watch for any break above resistance with volume
Weekly bias remains bullish - be ready to exit if range breaks up
💡 Trade Plan
Looking for price to respect the established range and move back toward support levels. This is a counter-trend trade within the range structure.
Remember: Trade your plan, plan your trade. Always manage risk first!
JPYGBP trade ideas
GBPJPY: Bullish Impulse May Take Price To 205! 700+ Pips MoveGBPJPY is in steady bullish move in other words it is in impulse move; price has not yet exhausted and there is still extended bullish move to completed before bears takes control over. Please use accurate risk management while trading and do your own analysis.
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GBPJPY SHORTGJ has been pushing up for a bit of time now on the higher TF and now the sellers are in a bit of control after the BOS on h4 TF, price is currently gaining momentum towards the supply area and i believe the sellers will take advantage and push the price further down. I personally will be looking to sell GJ from my AOI and see how it goes...
GBP/JPY Retests Supply Zone as Yen StrengthensGBP/JPY bounced from 195.3 and is testing resistance at 197.0, where a bearish fair value gap is located.
Stochastic shows rising momentum at 28.0, but institutional data favors the Yen, with increasing long contracts.
If 197.0 holds, the pair may retest 195.3, the previous day's low. The bearish outlook remains valid below the 197.8 resistance.
GJ-Thu-03/07/25 TDA-UK political turmoil triggers market selloffAnalysis done directly on the chart
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GBPJPY H4 I Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 196.93, a pullback resistance that aligns with the 50% Fib retracement.
Our take profit is set at 195.01, a pullback support.
The stop loss is set at 198.82, a swing high resistance.
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GBPJPY – Bearish Setup Within Uptrend ChannelGBPJPY is moving inside a larger uptrend channel on the 1-hour chart.
Price had been consolidating in a clear trade zone near the recent highs.
That trade zone support has now broken with strong bearish momentum.
This breakdown signals a potential short-term structure shift.
Sellers are stepping in below the trade zone, rejecting further upside.
Bias turns bearish while price stays under this broken level.
We’re now looking for continuation lower within the channel.
Key downside target identified at 194.00, near channel support.
This aligns with previous reaction levels and demand zones.
Plan:
1.Watch for retests of the broken zone for short opportunities.
2.Manage entries and risk carefully inside the channel.
3.Expect downside flow toward 194.00 if momentum holds.
4.Price action confirms break of support, favoring a move lower.
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Bullish countre pullbackI am expecting price to pullback deeper into the bearish range but when that is happening I need to see any violation of structure or institution sell pressure. Entry has already formed during the Asia session so for the new bullish counter pullback I need to find a fresh demand zone.
GBP/JPY Bears Eye Drop to 195GBP/JPY closed lower for a third day on Wednesday, with bearish momentum increasing thanks to political tensions in the UK and dovish comments from BOE voting members.
While the daily RSI (2) is oversold, there could still be room for a move to 195 over the near term. Its less than a day’s trading range away using recent volatility levels, and it also sits near the bullish trendline from the May low.
The 1-hour chart shows prices are drifting higher in an apparent corrective fashion, yet prices remain in the lower third of Wednesday’s range. I suspect bears will seek to fade into any pops higher in anticipation of another drop towards 195, near the daily S1 pivot, weekly S and rising trendline.
Should GBP/JPY drop to the lower target area, how prices react could provide clues over its potential to use the level as a springboard or break lower from that pivotal zone.
Market Analyst at City Index and Forex.com
GBPJPY - BUYUS ADP Numbers came in worse than expected means economy contraction the real numbers look like they are flowing through now they can only fudge the numbers for so long
My opinion Trump has told them make sure the numbers look good
Revisions on Job openings have all been revised down over the last 4 months they lie through their teeth until the facts are so obvious even they have to give in with the lies.
Anyway all currencies reacted of course
GBP quite strongly across the board
GBP has been very strong
Trend is up long term
Classic Return to Previous Level if u ask me
Lets see
GBP/JPY Under Pressure After Failing to Test December HighGBP/JPY carves a series of lower highs and lows after failing to test the December high (198.96), and a close below the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) region may push GBP/JPY back towards the June low (192.73).
Failure to defend the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) zone may lead to a test of the May low (190.33), but the recent selloff in GBP/JPY may turn out to be temporary should it snap the bearish price series carried over from last week.
A breach above the December high (198.96) may lead to a test of the November high (199.56), with the next area of interest coming in around the October high (199.81).
--- Written by David Song, Senior Strategist at FOREX.com
GBP-JPY Correction Ahead! Buy!
Hello,Traders!
GBP-JPY will soon make
A retest of the rising support
Line and as we are bullish
Biased we will be expecting
A local bullish correction
Buy!
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GBPJPY SHORT DAILY FORECAST Q3 D2 W27 Y25GBPJPY SHORT DAILY FORECAST Q3 D2 W27 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today! 👀
💡Here are some trade confluences📝
✅Daily Order block identified
✅4H Order Block identified
✅1H Order Block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPJPY Wave Analysis – 2 July 2025- GBPJPY reversed from resistance zone
- Likely to fall to support level 193.85
GBPJPY currency pair recently reversed down from the resistance zone between the strong resistance level 199.000 (which has been reversing the price from last October) and the upper weekly Bollinger Band.
The downward reversal from this resistance zone stopped the C-wave of the previous ABC correction (2) from April.
Given the strength of the resistance level 199.000 and the overbought weekly Stochastic GBPJPY currency pair can be expected to fall to the next support level 193.85.
GJ idea - could all YEN pairs head down?We're looking at GJ apart of me is wanting to execute but then the A+ TRADER wants me to wait for a proper break to the downside. We see price down trending, creating LL's & LH's, now we just wait for price to break our CTL. We also see multiple bearish engulfings. Feeling good about this let's scale in lightly.
GBPJPY Short – Extended M Completion & Structural Break
Price formed an extended M pattern in premium territory, sweeping buyside liquidity at 197.473. A clean structural break followed the second peak, confirming bearish intent and shifting narrative downward. Entry was taken post-break, with a protective alert set at 197.613 to manage invalidation risk. Targeting 196.744—the upper third of the discount zone—this trade capitalizes on liquidity engineering, structure alignment, and session timing for a high-probability move toward sellside draw.