GBP/JPY 4H DOWNTREND ANALYSIS (Potential Sell Setup) British Pound/Japanese YenFX:GBPJPYfarajamwambagiAs we can see, the market overall is in a downtrend on the 4-hour timeframe, as shown by the formation of lower lows and lower highs. There is also a gap that was created recently, and the current price action seems to be moving back to fill that gap. On the 4-hour chart, the price is currently approaching a supply area, which makes it a good zone to look for sell opportunities. Dropping down to the 30-minute timeframe, the market shows a clear structure suitable for identifying a potential entry after a change of character (CHOCH). The target for this setup is the 1-day swing low.