Market Overview (GBPJPY - 4H)

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Market Overview (GBPJPY - 4H)GBP/JPYOANDA:GBPJPYSelena_FX_TraderMarket has formed a rising structure (trendline support) but is now approaching strong higher timeframe supply Price tapped into a 4H Order Block (OB) near the highs Multiple rejections in this zone suggest weak bullish momentum Potential for a distribution phase → bearish move 🔴 Key Zones 4H Supply / OB (Sell Zone): ~213.000 – 213.500 Internal Resistance: ~211.500 – 212.000 Trendline Support: Rising from ~207 area Current Price: ~212.700 📉 Short Idea (Educational Setup) 🧠 Concept: Price reacts from HTF supply → fails to continue higher → breaks structure → moves lower 🎯 Possible Plan: Entry Zone: 213.000 – 213.400 (4H OB area) Stop Loss: Above 213.800 – 214.000 (above OB) Targets: TP1: 211.500 (internal support) TP2: 210.500 (trendline area) TP3: 208.500 (lower liquidity zone) ⚠️ Invalidation / Risk If price breaks and holds above 4H OB, bearish idea is invalid Strong bullish breakout may push toward 214.500+ Avoid early entries — wait for rejection or structure shift 💡 Alternative Scenario 👉 If trendline holds and OB breaks: Market may continue bullish Possible targets: 214.500 – 215.500 🔥 Simple Summary 👉 Price at strong resistance (4H OB) 👉 Weak continuation → possible rejection 👉 Looking for confirmation → then short continuation