GBPJPY (1H) Looks Heavy – Sellers Stepping In?

Wait 5 sec.

GBPJPY (1H) Looks Heavy – Sellers Stepping In?GBP/JPYOANDA:GBPJPYAsif_Iqbal_chaudharyA clean Head & Shoulders pattern is forming after an extended bullish move, suggesting a potential trend reversal. Price is sitting around the neckline support Structure has shifted to lower highs, showing growing bearish pressure šŸ”» Bias: Bearish Entry: Break & close below neckline Targets: 214.30 → 213.70 Stop Loss: Above right shoulder āŒ Invalidation: Strong breakout above the right shoulder high šŸ’¬ My Take: Market looks like it's losing bullish momentum, and sellers are slowly taking control. I’m leaning bearish, but I’d still wait for a clean break + confirmation before jumping in — no rush in this kind of setup. šŸ‘‰ What do you think about this setup? Drop your thoughts in the comments — always good to see different perspectives.