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!
JPYGBP trade ideas
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.
GJ-Thu-10/07/25 TDA-GJ pull back,good support created.Now what? Analysis done directly on the chart
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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
Will GBPJPY uptrend continue??Price is at a crucial point where traders are beginning to watch what’s likely to happen next in the market. Is market likely to continue to trade higher? From the technical standpoint, if price continues to rise and break the 200.000 level we will look for a buy opportunity in this market.
British Pound / Japanese Yen - 4H Chart (OANDA)4-hour chart from OANDA displays the GBP/JPY currency pair's price movement, with the current price at 199.248 (+0.024 or +0.01%). The chart highlights a recent upward trend, breaking through a resistance level around 199.274, with buy and sell indicators at 199.274 and 199.220 respectively. Key price levels include a high of 199.923 and a low of 198.188, with the chart spanning from June to early August 2025.
GBPJPY Profit TakingGBPJPY has given strong bullish momentum and hit swing high on previous day currently the traders are taking profit and GBPJPY is giving a pullback. We can see from the picture that there is fair value gap and demand zones. The possible move for GBPJPY will be to hit demand zones and again follow the same bullish momentum.
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
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.
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
GBPJPY Shown Good Pullback after hitting Swing HighAs share earlier GJ show good bullish move and hit swing high. After hitting swing has given a good pull back and entered into the trade. The engulfing hourly candle showing strong pullback which will possibly go further down to retest a demand zone and an area.
GBPJPY Surges as Trade Tensions Weaken YenGBPJPY Surges as Trade Tensions Weaken Yen
GBPJPY remains firmly in a bullish trend, having broken through two key resistance levels.
The first breakout occurred at 196.80, followed by a decisive move above 198.75 on Monday, signaling accelerating bullish momentum.
On July 7, the White House issued a strong letter to Japan’s Prime Minister, expressing concerns over the trade deficit and announcing a 25% tariff on Japanese goods, effective August 1, 2025.
This development has added pressure on the yen, and the weakness could persist in the near term.
However, the situation is still unfolding. Trump is expected to send additional letters today, which could inject further volatility into the markets.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
GBP/JPY H4 | Falling toward a pullback supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 198.60 which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 197.80 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement.
Take profit is at 200.94 which is a resistance that aligns with the 161.8% Fibonacci extension.
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GJ-Wed-09/07/25 TDA-Asian push, price hit our 4hR 199.723Analysis 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!
When you have a specific trading time during the day,
it's can be frustrating when moves happen outside of
your trading time. But remember this is part of the game,
we will never catch every single move on the chart.
Don't force the entries, learn to get used to it.
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