GBP/JPY - 1H Analysis & Trade Setup

📉 GBP/JPY - 1H Analysis & Trade Setup

🔹 Market Structure & Key Levels:
✅ 193.027: Recent swing high, major resistance.
✅ 190.63 - 190.85: Fibonacci retracement zone (0.5-0.618), potential short entry.
✅ 187.510: Key downside target.
✅ 185.944: Next major support if bearish momentum continues.

📊 Trade Plan:
🔹 Price is in a clear downtrend after a Break of Structure (BOS).
🔹 Expect a pullback towards 190.63 - 190.85 (Fibonacci golden zone).
🔹 If rejection occurs in this zone, a sell setup targeting 187.510 is valid.

⚠ Confirmation Needed:
✅ Bearish rejection at 190.63 - 190.85.
✅ Bearish candlestick patterns (engulfing, pin bar, etc.).
✅ Confluence with supply zone & BOS.

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