GBPJPY Bearish Breakdown from TrendlineGBP/JPYOANDA:GBPJPYAlpha_Trade_Scope The GBPJPY 1H chart shows a clear shift from bullish to bearish after price broke down from a rising trendline and failed to hold above the Ichimoku cloud. The earlier uptrend lost strength as price entered a descending channel, signaling growing selling pressure. A sharp bearish move created a strong impulsive drop, followed by consolidation inside a range (highlighted zone). Price is now trading below the cloud, indicating bearish control, while recent rejections from the supply zone near **212.00–212.20** confirm downside continuation. The current structure suggests a lower high formation, aligning with the bearish trend continuation. **🎯 Target:** * Primary Target: **211.00** * If momentum continues, further downside expansion is possible below this level. **🧠 Insight:** As long as price remains below the supply zone and inside the bearish structure, the bias favors continuation toward the downside target.