GBP/JPY Analysis - 4H Chart

The GBP/JPY pair is currently trading near the 190.20 level, showing signs of a potential reversal zone. The market appears to be in a corrective structure, and we could expect the following scenarios:

Short-Term Bounce:

I anticipate a short-term consolidation around the 190.00 region (green support zones) before a bullish correction towards 191.50 - 191.75, which represents a key resistance area.
Major Rejection at Resistance:

If price reaches the 192.00 - 192.25 area (blue resistance zone and trendline), it is likely to face significant selling pressure, leading to a new bearish wave targeting lower levels near 190.00 or even 189.00.
Key Levels to Watch:

Support: 190.00, 189.00
Resistance: 191.75, 192.25
Market Outlook:
The overall trend remains bearish, and I will be monitoring these levels for potential short entries if the pair respects the key resistance zones. If the price breaks through 192.25, we could see a shift in momentum favoring buyers.

Let me know your thoughts and how you're positioning for this setup!