GBP/JPY Analysis bearish structure.

[mendez]

GBP/JPY – Market Structure Summary (30m Timeframe)

GBPJPY has reached a key resistance area, where price is showing rejection after a strong impulsive move upward. The chart previously confirmed bullish structure with CHoCH signals, leading to the current rally into resistance. However, buyers are now losing momentum.

If price fails to break above the resistance zone, a corrective move toward the support area becomes likely. This aligns with the marked risk-to-reward setup showing a potential short opportunity.

Key Points:

Price is reacting at a major resistance area.

Several rejections indicate weakening bullish strength.

Earlier CHoCH shifts led to bullish continuation into resistance.

If rejection holds, price may retrace back toward the support area (206.300–206.000).

Bearish pullback scenario remains valid unless price breaks and holds above resistance.

Bias: Bearish correction expected from resistance unless a clear breakout occurs.

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[Nahid Hossen]

If price fails to break above the resistance zone, a corrective move toward the support area becomes likely. This aligns with the marked risk-to-reward setup showing a potential short opportunity.

[Nahid Hossen]

GBP/JPY continues rejecting major resistance, confirming bearish momentum.