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Forex · price-structure setup

Resistance rejection on GBP/JPY

On GBP/JPY the resistance rejection showed up 21 times. The target came first 24% of the time, the stop 57%, and 19% went nowhere within 12 candles.

Counted on GBP/JPY: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily20%100%0%
Hourly1926%53%21%

GBP/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/JPY2124%57%19%
All Forex charts21135%55%9%
Every market2,88936%56%8%

Year by year

YearFoundTarget firstStop first
202440%50%
2025560%40%
20261020%60%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the resistance rejection is

Price rose back to a level that stopped it before, and turned down again.

Throw a ball up in a room and it bounces off the ceiling and falls. Resistance is a price ceiling where rises stopped before, because sellers were waiting there. A resistance rejection is when price climbs back to that ceiling and gets pushed down again.

The full resistance rejection lesson, video and quiz ›

Other patterns on GBP/JPY

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · all of them

The resistance rejection elsewhere

EUR/JPY · NZD/USD · Ethereum · Bitcoin

Questions

How often does the resistance rejection work on GBP/JPY?

In 21 cases on GBP/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 24% of the time and the stop came first 57%; 19% went nowhere within 12 candles.

What is the resistance rejection?

Price rose back to a level that stopped it before, and turned down again.