GBP/JPY 1H – Breakdown from Consolidation with Bearish TargetGBP/JPYOANDA:GBPJPYGOLD-EMPIRE-PROThis 1-hour chart of the British Pound / Japanese Yen shows a clear transition from an upward-sloping channel into a sideways consolidation phase (highlighted in the yellow box). Price repeatedly respected this consolidation range before eventually breaking down to the downside. After the breakdown, strong bearish momentum pushed price below the channel structure, confirming a shift in market direction from bullish/neutral to bearish. The recent candles show a minor pullback, but price remains below key support-turned-resistance. **🎯 Target:** The projected downside target is the highlighted support zone around **211.60**, which aligns with a previous demand area. This zone is likely to act as a magnet for price in the short term if bearish pressure continues. **📉 Bias:** Bearish below ~212.20 Continuation expected toward 211.60 unless price reclaims the broken structure.