GBPJPY - Liquidity Sweep Completed, Bearish Setup FormingGBP/JPYOANDA:GBPJPYazmi12321GBPJPY has completed a clear liquidity sweep above a recent swing high, followed by a strong Change of Character (CHoCH) to the downside. This sequence indicates a potential shift in market structure from bullish to bearish on the higher timeframe. Key Observations 🔹 Liquidity Sweep (LS): Price reached above the previous high, grabbing buy-side liquidity before sharply reversing. This is a common distribution behavior, suggesting larger players may have used the move to fill sell orders. 🔹 CHoCH Confirmation: Following the liquidity sweep, the market broke below the internal structure, confirming a bearish CHoCH—a typical early signal of a higher‑timeframe trend shift. 🔹 H4 Imbalance (FVG) Identified: A significant imbalance lies in the highlighted zone. Price recently retraced into this area, offering a potential premium entry for sellers. 🔹 Waiting for Bearish Signals on Lower Timeframes: The optimal approach now is to wait for lower‑timeframe confirmation (M15–H1) such as: A sweep + BOS Break of micro‑structure Bearish order block formation Bearish Target 🎯 Sell-Side Liquidity Target: ~202.80 This level aligns with a previous liquidity pool and a structural demand zone, making it a logical downside target. Trading Plan 📌 Bias: Bearish 📌 Entry Zone: H4 imbalance (Premium pricing area) 📌 Confirmation: Required from lower timeframes before executing any trade 📌 Target: 202.80 📌 Invalidation: A daily close above the imbalance zone Summary GBPJPY is showing early signs of transitioning into a bearish cycle after sweeping liquidity and forming a confirmed CHoCH. With price currently reacting from the H4 imbalance, traders can look for lower‑timeframe confirmation to position short toward the next major sell‑side liquidity level.