GBPJPY Weakening at the Peak – Could Collapse at Any Time?GBP/JPYOANDA:GBPJPYParadise_NoirGBPJPY is still maintaining an upward structure on the H1 chart, but momentum has begun to weaken significantly as the price has been repeatedly rejected at the 212.7-213.0 resistance zone. The inability to break the peak, coupled with sideways movement at the high point, indicates that buyers are losing momentum, a familiar sign before a correction. On the chart, the upward trendline has been tested multiple times, reducing its reliability. Simultaneously, the price is trending towards breaking out of the small accumulation structure and is likely to return to the equilibrium zone around 211.7 (Kijun/Ichimoku cloud). If the trendline is broken, this will be a confirmation signal for a short-term decline. Combined with news factors, the JPY is strongly supported by expectations of an interest rate hike from the BOJ and risk-averse sentiment in the market. Meanwhile, the GBP lacks the momentum to hold its price, tilting the balance toward a decline. Over the next 24 hours, the preferred scenario remains a SELL when the price rebounds to the 212.5 – 212.8 region or after breaking the trendline and retesting. Short-term targets are towards 211.7 and potentially further to the 210.5 – 210.8 region. If the price breaks strongly above 213.2, the bearish scenario will no longer be valid.