GBPJPY 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-Wed-09/07/25 TDA-Asian push, price hit our 4hR 199.723Analysis done directly on the chart
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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
gbpjpy sell setup🔍 Key Concepts in This Setup:
1. Break of Structure (BOS) – Bullish Shift
The BOS shows that price has broken above a previous swing high, signaling a shift from bearish to bullish market structure.
This confirms bullish intent and opens the door for pullback buys.
2. Fair Value Gap (FVG) – Blue Zone
This imbalance zone is created when price aggressively moves up, leaving a gap.
Price is expected to return to this area to fill orders before continuing up.
3. Bullish Order Block – Orange Zone
A bullish order block (OB) is marked just below the FVG.
It represents the last bearish candle before a bullish impulse — an area where institutions may re-enter long positions.
4. PDL Sweep (Previous Day Low)
Price took out the previous day’s low (PDL) and then reversed.
This is a liquidity grab – a classic smart money move before shifting bullish.
5. Premium to Discount Retracement
Price moved from a discount zone after sweeping lows and breaking structure.
Now waiting for a retracement back into a discounted FVG/OB zone to enter a buy.
✅ Buy Entry Plan:
Entry Zone: Around the FVG + OB confluence (196.90–197.10 area).
Confirmation: You might wait for bullish PA (price action) like a bullish engulfing or lower-timeframe BOS at the FVG.
Stop Loss: Below the order block or just under 196.79.
Target: Back to recent highs near 198.10 or even the supply zone (SS) above it.
GBP/JPY BEARISH AB = CD PATTERN Potential Short Opportunity fromMarket Structure
Price formed a Higher High (HH) and is now completing a Bearish AB=CD harmonic
pattern
The Potential Reversal Zone (PRZ) has been tapped
RSI shows bearish divergence at the second HH, suggesting weakening bullish
momentum
Technical Details:
Pattern: Bearish AB=CD with clear symmetry
Key zone: PRZ between 198.684 and 199.128
Bearish RSI divergence adds extra confluence
Potential Sell Stop strategy below structure for safer entry confirmation
Bias Bearish (Pattern Completion + Divergence)
Short bias is activated only on the confirmation, either by sell-stop break or strong
rejection candles inside PRZ
If the price breaks above 199.128, the bearish setup is invalidated
Trade Plan
Action Level / Condition
Sell Entry Below 198.684 (Sell Stop Trigger Zone)
Stop Loss Above 199.128 (invalidation of PRZ)
Target 1 198.066
Final Tp 197.564
✅ Wish you best of luck and happy trading!
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 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.
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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GBPJPY Extremely BullishAs described earlier GJ is extremely bullish and wants to target previous swing. current trading at 199.400 and travelling to the 199.857 which is previous swing high. In my yesterday's analysis I have given clue of GJ's being retracing and accumulating and going up again same is showing. We can see a pullback after taking swing high.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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.