gbpjpy shrinking to short next week

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GBP/JPY SHORT SETUP – Swing Target: 188.200

Pair: GBP/JPY
Timeframe: 4H
Entry: 190.596
TP: 188.200
SL: 190.950 (above recent resistance)
Risk–Reward: ~6.5R (239.6 pips reward / 35.4 pips risk)

📊 Technical Summary:

Bearish MACD crossover – downside momentum building

QQE Mod histogram shows rising bearish pressure

RSI weakening under 50 – favors sellers

Price rejected EMA 100/200 zone – acting as dynamic resistance

Candle structure: Lower high formed, weakness at 191.3

High-volume resistance around 191.0 – strong sell wall

Previous support zone near 188.20 – realistic swing target

🎯 Probability of TP Hit (188.200):
✅ Conservative estimate: 55–60%
Higher probability if price closes below 190.30 on strong volume.

🧠 Idea: Expecting a swing move down as bullish momentum fades and structure shifts lower.

Disclaimer: Not financial advice. Manage risk responsibly and adapt to price action.

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