GBP/JPY Bearish Reversal Setup

227
GBP/JPY is showing rejection from the upper trendline and a clear change of character (CHOCH), suggesting a potential bearish move from the marked selling zone. The setup targets the lower support areas if selling pressure continues.

Take Profits:

* TP1: 214.00
* TP2: 212.00
* TP3: 208.00

Trade with confirmation and manage risk carefully.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.