GBPJPY IN SELL TREND AT 192.50

📉 GBPJPY Analysis: Double Top Pattern Signals Sell-Off
The GBPJPY pair has formed a Double Top pattern, a strong bearish signal indicating potential downside movement. Here's the technical breakdown:

🔄 Key Levels to Watch
Strong Selling Zone: 192.50
Technical Target: 189.00
📈 Resistance Zone
193.50: A key resistance level. If GBPJPY stays below this level, it will confirm bearish momentum.
📉 Support Zones
First Support: 190.70: The immediate zone to watch for reactions as the price trends lower.
Second Target Support: 189.00: This is the bearish target based on the Double Top pattern.
💡 Trading Insights
Scenario 1: A rejection at 192.50 or 193.50 resistance zones could trigger strong selling momentum toward 190.70 and eventually the 189.00 target.
Scenario 2: A pullback to 190.70 support could provide short-term consolidation before further downside.