GBPJPY Bias: Bearish

GBPJPY has been trending lower across both this week and last, fueled by intensifying market narrative around yen dynamics. Both the Daily and 4-hour timeframes are printing strong bearish candles, clearly signaling that sellers remain firmly in control. Continued downside pressure would reflect a strengthening yen — an outcome many market participants in Japan are actively hoping for.

Despite the clear higher-timeframe seller dominance, price is currently testing a critical 4-hour support zone. A temporary bounce from this level toward the nearest lower-timeframe resistance remains a realistic counter-scenario before any further decline.

The trade setup becomes valid only on a liquidity sweep of the levels marked on the chart. Such a sweep is essential, as the entire current move is unfolding inside a large impulsive candle. Eyes are on price action around this zone — should the sweep materialize with clean structure, the short opportunity will be taken.