GBP/JPY Breakdown – Support Break Opens Door for More DownsideGBP/JPYOANDA:GBPJPYPureFX_GBP/JPY has broken below a key support level around 219.20, which now shifts the short-term bias to the downside. As long as price remains below this level, sellers appear to have the upper hand. I'm now watching the 218.47 area as the next potential TP zone. It also sits near the 200 EMA, which could act as dynamic support and attract buyers. Fundamentally, this move is supported by growing expectations that the Bank of Japan may continue tightening monetary policy, strengthening the yen. At the same time, the Bank of England is expected to continue easing rates, which weakens the pound. That divergence favors further downside in GBP/JPY. A move back above 219.20 would weaken the bearish setup, but for now, the path of least resistance remains lower. 📍Key Levels 🔴 Resistance: 219.20 🎯 TP Zone: 218.47 TP2: 217.8