GBP/JPY: Bearish Structure Confirmed, Targeting Lower Support Levels

Technical Readout: Bearish Momentum Dominates

Looking at GBP/JPY, the current market structure clearly indicates a bearish trend. The pair is trading around 188.25, having seen a notable drop of 0.85 points (-0.45%) over the last 24 hours. This recent price action, alongside the broader bearish trend, suggests continued downside pressure. My analysis points to a potential short entry around 188.7. This level represents a retest of previous support that has likely now flipped to