GBP/JPY - Breakdown 1HGBP/JPYOANDA:GBPJPYjamesibartram🔥 GBP/JPY – 1H Breakdown 🔥 Alright fam, let’s cook this chart 👇 📊 Structure Check Price has been tanking hard from that 4H supply zone up top. We formed a lower high (LP S) and then rolled over, continuing bearish structure. Currently price is consolidating under a descending trendline → looks like it’s coiling for a move. 🎯 Key Zones Upside liquidity grab: Price could squeeze into that 71% retrace + 15M/1H supply pocket. 🔼 That’s the “snack stop” zone before bigger players slam it. Downside magnet: We’ve got strong support marked lower (blue zone). That’s the real draw if supply holds. 🛠️ Scenarios Fakeout Pump → Dump Price squeezes up into that 71% + supply zone. Liquidity gets eaten → sellers step in. Drop straight into strong support. Direct Breakdown If no pump happens, this wedge could just crack down. Same target: strong support area below. ⚖️ Bias Short-term bullish liquidity sweep possible 🚀 But overall still bearish until strong support proves otherwise. 📝 Game Plan Watch the 71% + supply combo for rejection entries 🎯 Target the support zone below Manage risk – don’t chase mid-range chop ⏳ Looks like GBP/JPY wants to bait longs before flushing again. Stay sharp, fam.