#GBPJPY: Up To +5000 Pips To Grab; Will It Drop? GBP/JPYOANDA:GBPJPYSetupsfx_🔺GBPJPY is approaching a significant weekly resistance area after an extended bullish run. At the time of this chart, the price is trading around 216.708, just below the proposed swing-selling region between 217.694 and 223.406. For retail traders, this zone indicates a potential reversal but does not warrant immediate selling. 🔺The chart suggests that the weekly trend remains bullish. Price has consistently formed higher highs, higher lows and several bullish breaks of structure. This indicates that buyers remain in control until the market proves otherwise. Attempting to predict the exact top without confirmation is risky, particularly on GBPJPY, which is known for sharp movements and large price swings. 🔺The chart suggests that price may push above 217.694 and move further into the highlighted region before a larger bearish reversal becomes possible. 🔺The 217.694–223.406 region is located in the premium part of the wider market range and contains liquidity above recent weekly highs. Many breakout traders may buy if GBPJPY moves above its recent high while traders who sold too early may place their stop-losses above that high. Price can utilise both groups as liquidity before reversing. 🔺The psychological 220.000 level also lies within this region, which may attract additional orders and volatility. 🔺A touch of 217.694 is insufficient to confirm a sell. The safer approach is to allow price to enter the region and then assess whether buyers are losing control. Possible bearish confirmation would include: • A move above a previous high followed by a strong rejection • Price closing below the swept high • A bearish structure break on the daily or four-hour timeframe • Strong bearish candles indicating clear selling pressure • A weak recovery that fails to reclaim the reversal level 🔺The structure break is the most important signal. As long as the GBPJPY pair continues forming higher lows the bullish trend remains active. 🔺Retail traders do not need to capture the exact top. Entering after confirmation may provide a slightly lower price but reduces the risk of selling too early into a strong weekly uptrend. Potential Downside Targets 🔺If the sell region produces a confirmed weekly reversal the chart highlights three downside objectives. First target: 196.887 This is the nearest major target and should be treated as the primary objective. Price could react strongly here as it previously acted as an important structural and breakout area. Second target: 176.247 This is a deeper objective connected to an earlier demand region. It becomes realistic only if price breaks below 196.887 and continues forming lower highs and lower lows. Third target: 154.442 This is a long-term macro target rather than an immediate expectation. A move towards 154.442 could take several months and would require a complete reversal of the existing weekly bullish trend. Retail traders should not expect price to travel directly from the sell zone to the final target. There will likely be pullbacks consolidations and temporary bullish recoveries along the way. When Is the Bearish Idea Invalid? 🔺A sustained weekly close above 223.406 would invalidate the proposed swing-selling setup.If price breaks above this level and begins holding it as support buyers will have accepted price above the resistance zone. In that situation traders should abandon the bearish scenario instead of repeatedly attempting to sell a rising market. Common Retail Mistakes to Avoid 🔺Do not sell before price reaches the planned region simply because the targets are shown lower on the chart. 🔺Do not treat one rejection wick as complete confirmation. A wick shows a reaction but a bearish structure break shows that sellers are taking control. 🔺An intraday-sized stop is not suitable for a weekly swing strategy. The GBPJPY pair can move significantly within the zone before determining its final direction. 🔺It is also unlikely that the three targets will be reached in a single move. Each target depends on the market continuing to confirm a bearish structure. Simple Trading Plan * Below 217.694: The price has not yet entered the main reversal region. * Between 217.694 and 223.406: Watch for liquidity collection and bearish confirmation. * After a bearish structure break: The downside scenario towards 196.887 becomes more credible. * Above 223.406: The bearish setup is invalid unless a new reversal structure develops. Overall View 🔺GBPJPY remains bullish as it approaches the highlighted resistance. The chart does not indicate an immediate sell; it identifies an area where retail traders should begin monitoring for a potential change in direction. 🔺The professional approach is to allow the price to reach the zone, observe when buyers lose control and only consider the bearish scenario after a structure confirms it. No confirmation means no trade. This analysis presents a conditional market scenario rather than a guaranteed outcome. Always use controlled risk and position sizing appropriate to your account. LIKE AND COMMENT❤️🤝 THE SETUPSFX_ TEAM