GBPJPY H4: Is 199.80 the Last Stop Before a Drop to 197.20?GBP/USDOANDA:GBPUSDRyan_TitanTraderI still think this is a sell market until price proves otherwise. The recent push higher looked strong on the surface, but what caught my attention was how quickly buyers lost control after sweeping the previous swing high. That move into premium felt more like a liquidity collection than genuine accumulation, and the rejection that followed only reinforced that view. The failed breakout created a clean H4 IFVG that has now flipped into resistance. For me, this is the key area to watch. If price retraces back into that imbalance and sellers respond with displacement, I'll continue looking for shorts rather than trying to anticipate a reversal. The market has already collected buy-side liquidity, so the next logical objective is the pool of sell-side liquidity resting beneath the recent consolidation lows. As long as GBPJPY remains below the 199.80 resistance area, I expect the bearish sequence to remain intact. My first downside objective sits around 198.00, where nearby liquidity is likely to be cleared. If momentum stays aggressive after that sweep, I see room for an extension toward the higher-timeframe demand around 197.20. That would complete the shift from premium back into discount while delivering the liquidity imbalance that still exists below current price. The only reason I'd abandon this idea is a decisive H4 close above both the IFVG and the recent liquidity sweep high. That would tell me sellers have failed to defend premium and buyers have reclaimed control of the order flow. Until that happens, I see rallies as opportunities to sell into strength, not reasons to chase longs. The structure has shifted, the liquidity has been taken, and the market now looks positioned to seek the next pocket of sell-side liquidity. Are you looking to fade the retracement into the IFVG, or would you rather wait for fresh bearish confirmation before getting involved?