GBPJPY: Rebound rejected, sellers take overGBP/JPYOANDA:GBPJPYNira_raGBPJPY is showing signs of hesitation after bouncing off the support zone, yet buying pressure remains insufficient to shift the short-term trend. The price quickly retraced to test the 217.80–218.00 area, where signs of rejection have emerged. Analyzing the price structure, GBPJPY continues to trade below the downtrend line, characterized by a series of lower highs. This suggests that current pullbacks offer opportunities for sellers to re-enter the market rather than signaling the start of a new uptrend. Should the price fail to sustain levels above 217.80, selling pressure could drive the pair back toward the 217.30 zone. A break below this support level would pave the way for further declines in line with the prevailing structure. The overall trend remains bearish, as GBPJPY has yet to break through the key resistance zone.