GBPJPY | Uptrend at Risk – Bearish Breakdown Setup

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GBPJPY | Uptrend at Risk – Bearish Breakdown SetupGBP/JPYOANDA:GBPJPYSmart_money_FxGBPJPY is trading above a long-term ascending trendline, but recent price action suggests bullish momentum is weakening. A sweep of nearby liquidity followed by a rejection from the trendline could trigger a bearish move. The key confirmation will be a decisive break below the ascending trendline and recent swing low. If that occurs, sellers may target lower support levels as market structure shifts in favor of bears. Key Levels: * 🔹 Resistance: 219.00–220.00 * 🔹 Confirmation: Daily close below trendline * 🔹 Bias: Bearish after confirmation Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always wait for confirmation and use proper risk management.