GBPJPY - Smart Money Selling ? Massive Drop Incoming!British Pound/Japanese YenFX:GBPJPYAM_AlphaTradingGBPJPY has shown a strong rejection from the major supply/resistance zone around 214.50 – 214.70, where sellers continue defending price aggressively. After failing to maintain bullish momentum inside the ascending channel, price is now showing signs of weakness with a possible channel breakdown and lower-high formation. The recent rejection near resistance adds bearish confirmation, increasing the probability of a move toward lower support zones. The structure suggests that if price stays below the resistance zone and fails to reclaim the trendline, bears may push the market lower toward the first demand area. A clean breakdown could trigger further downside momentum, especially if selling pressure increases around psychological levels. 🔑 Key Levels: Major Resistance / Supply Zone: 214.50 – 214.70 (strong rejection area) First Support Target: 213.50 – 213.60 (reaction zone) Major Demand Zone: 213.20 – 213.30 (strong support area) 📊 Market Outlook: ✔️ Bearish bias below supply zone ✔️ Ascending channel losing momentum ✔️ Possible retest before continuation lower ✔️ Breakdown may accelerate bearish pressure 💬 If you found this analysis useful, don’t forget to support with a Like 👍 and share your view in the comments! ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always wait for confirmation and apply proper risk management before entering any trade.