I’m bearish on GBPJPY — a countertrend short from resistance.GBP/JPYOANDA:GBPJPYWainainarobertGBPJPY – Resistance Holds as Momentum Shifts 📉 Trends don’t last forever — sometimes the turn starts quietly, deep inside the lower timeframes. GBPJPY’s daily uptrend is losing its edge, with 4H momentum already rolling over. Price is now pressing against a heavy resistance zone, flashing early sell signals. 📉 I’m bearish on GBPJPY — a countertrend short from resistance. Key Drivers: GBP hit by a 25 bps Bank of England rate cut 📉 Daily uptrend losing momentum, 4H showing reversal patterns 🔄 JPY still fundamentally weak, but sentiment extremely bearish (ripe for short-covering) ✅ Clear invalidation if price breaks above resistance 🎯 The British Pound’s bullish streak took a hit after the BoE confirmed a 25 basis point rate cut, marking a dovish shift to support the UK’s slowing economy. This move reduces GBP’s yield advantage and puts pressure on its recent strength, especially against currencies that could benefit from even a small sentiment reversal. The Japanese Yen remains structurally weak — slow policy tightening, weak GDP growth, and heavy debt keep it under pressure. But with market positioning heavily skewed against the Yen, even modest safe-haven flows or profit-taking could spark upside moves in JPY pairs. In this setup, I’m looking to fade GBPJPY’s test of resistance, leaning on the loss of short-term momentum as the first sign that the broader uptrend may be tiring. A rejection here could open a retracement toward recent 4H support zones, while risk remains clearly defined above resistance. Would you take this countertrend shot, or wait for daily structure to fully break?