GBP/JPY Bearish Pullback After Trendline BreakGBP/JPYOANDA:GBPJPYPRIMEALPHA-FXThe chart shows **GBP/JPY on the 1-hour timeframe** where price initially formed a rounded bottom, followed by a strong bullish reversal. The market then broke out of a descending channel and continued upward, respecting a rising trendline. However, after the breakout, price entered a consolidation zone (highlighted area) near resistance around **213.80**. The recent rejection from this level indicates weakening bullish momentum. Price is now showing signs of a **short-term pullback** while still trading above the Ichimoku cloud, which acts as dynamic support. The structure suggests a correction toward key support levels before any potential continuation upward. **Targets:** 🎯 **1st Target:** 213.35 🎯 **2nd Target:** 212.80 A drop below **213.35** will confirm bearish continuation toward the deeper support zone at **212.80**. If price holds above the cloud and trendline support, the bullish structure may remain intact for another push higher.