GBPJPY – Key Trendline Rejection ZoneGBP/JPYOANDA:GBPJPYSalvatore_xAfter a strong bullish recovery, GBPJPY has rallied back into a major descending trendline that has acted as resistance multiple times in the past. Price is currently reacting from this level, suggesting a possible short-term rejection setup. This confluence zone also aligns with a prior supply area and psychological level around 203.50, increasing the likelihood of bearish pressure. If sellers hold this level, a corrective move toward 202.00 – 201.80 could follow. However, a confirmed breakout above 203.70 with strong momentum could invalidate the bearish scenario and signal a potential continuation toward 204.50 – 205.00. Bias: Bearish from resistance (unless breakout confirmed) Timeframe: 1H