GBPJPYGreat British Pound vs. US DollarFX:GBPUSDAsifAwan11Overall Bias The market is still bullish on the higher timeframe, but price has reached a 1H supply zone nested inside a 4H resistance area. This is a logical place for sellers to step in. What I see Bullish factors ✅ Strong series of higher highs and higher lows. ✅ Uptrend line is still intact. ✅ Price has respected previous demand zones during the rally. Bearish factors ❌ Price tapped the marked supply zone and was rejected. ❌ Long upper wick shows selling pressure. ❌ 1H structure is beginning to weaken after the rejection. ❌ Risk-to-reward now favors waiting for a pullback rather than buying immediately. Your marked trade The short setup drawn looks reasonable if the following happens: Entry Sell only after a 1H candle closes bearish below 1.3380–1.3382 or after a clear bearish retest. Stop Loss Above the recent swing high around 1.3445–1.3458. Targets TP1: 1.3360 TP2: 1.3338 (your 4H demand) TP3: 1.3300–1.3295 if selling momentum increases. Alternative scenario If buyers reclaim the supply zone and a 1H candle closes above 1.3440, the bearish idea becomes weak. Then the next upside targets are approximately: 1.3470 1.3500 1.3520–1.3530 Probability 📈 Bullish continuation: 45% 📉 Short-term correction: 55% So I slightly favor a pullback first, then watching whether buyers defend the 4H demand before looking for new longs.