GBPJPY 1H β€” Bearish Order Block & Supply Reaction

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GBPJPY 1H β€” Bearish Order Block & Supply ReactionGBP/JPYOANDA:GBPJPYTrade_StrategiesπŸ“Š Market Structure: GBPJPY is currently trading below the marked 1H Order Block zones, while the broader structure remains capped by overhead supply. πŸ”΄ 1H OB β€” Upper Zone: The first major reaction area is around 215.35–216.20. This zone could act as resistance if price retraces into it and shows bearish confirmation. πŸŸ₯ 1H OB β€” Lower Zone: A second resistance area is positioned around 214.20–214.80. Price reaction here may provide additional information about short-term structure. πŸ“‰ Bearish Scenario: If price retraces into either OB and forms clear rejection or bearish market-structure confirmation, a downside move could become the scenario to monitor. 🟒 Invalidation / Strength: A sustained break above the upper OB would weaken the bearish thesis and could indicate that the supply zone is being absorbed. πŸ”Ž Key Levels πŸ”΄ Upper 1H OB: ~215.35–216.20 πŸŸ₯ Lower 1H OB: ~214.20–214.80 πŸ“ Current price: ~212.91 πŸ“‰ Lower reference area: ~210.80–209.60 ⚠️ Key Point: The zones should be treated as areas of interest, not automatic entry levels. Confirmation from price action and market structure is important before interpreting a reaction. 🧠 This publication presents technical market-structure analysis and possible scenarios. It is not a guaranteed outcome or financial advice.