GBPJPY TRADE IDEA FOR MONDAY

📉 GBP/JPY - Bearish Setup Analysis

🔹 Pair: GBP/JPY (1H Timeframe)
🔹 Bias: Bearish 📉
🔹 Key Levels:

Resistance: 193.027 (Major Supply Zone)
Entry Zone: 191.891 (Marked Red - Potential Sell Zone)
Support Target: 189.183 (Demand Zone)
🔍 Analysis:
The market is currently consolidating within a supply zone, showing signs of distribution. A rejection from the 191.891 level indicates potential bearish momentum. If price breaks below the local support at 191.280, we could see a drop towards the demand zone at 189.183.

✅ Trade Plan:

Sell Setup: Waiting for confirmation near 191.891
Stop Loss: Above supply zone (around 192.000)
Take Profit: 189.183 (Demand Zone)
📌 Confluence Factors:
✔ Price reacting to supply zone
✔ Break of structure expected for downside move
✔ Risk-to-reward favoring short positions

Let me know your thoughts in the comments! 🔥📊