GBP/JPY Bearish Reversal Setup–Eyeing Breakdown from Supply Zone

1. Supply Zone (Resistance Area) 🟦 Supply Zone:
Located around 189.500–190.000
🔺 Price got rejected here multiple times — strong selling pressure.

2. Ascending Trendline Support
📈 Trendline connecting higher lows (marked with yellow dots)
🟡 Support tested multiple times, acting as a rising wedge structure.

3. EMA (7) — Exponential Moving Average
⚫️ EMA (black line) is currently near price — indicating short-term trend stalling.

4. Bearish Breakout Setup
🔻 Anticipated price drop shown with red/orange arrows
📉 If price breaks below trendline:
🎯 Target Point: 186.600
⬇️ Expected drop: ~1.51%

5. Price Movement Outlook
🔁 Possible minor pullback before breakdown
⛔️ Bearish signal increases if the trendline fails.

Summary (with emojis):

📍 Entry Idea: Short near resistance zone (189.500–190.000)

⛓ Trigger: Break of trendline support

🎯 Target: 186.600

⚠️ Stop-loss: Above 190.000 (above supply zone)