GBP/JPY Price Analysis: Bears moving in at critical daily resistance

• GBP/JPY is under pressure and there are prospects of lower levels agead. 
• A daily downside continuation could be on the cards. 

GBP/JPY has corrected 50% of the prior bearish impulse and is meeting a prior structure on the daily chart. Subsequently, the cross is pressured and this could result in a downside continuation in the coming days should the support at 159.60 give out.

GBP/JPY daily chart

GBP/JPY chart

The cross on the hourly time frame is under pressure at a key support area after breaking below what is now the counter trendline and then support which is now expected to be resistantce if it is retested: