Gbpjpy falling level read the caption

On the 1 hour chart, we can see more closely the recent price action with the pair bouncing on the most recent swing high level at 192.21. If we get a pullback from the current high, that’s where the buyers should pile in with a defined risk below the 192.10 level to position for a rally into new highs. The sellers, on the other hand, will want to see the price breaking lower to position for a drop into the trendline around the 191.51 level