GBPJPY potential drop from the resistance levels crossing

The CHF/JPY pair is retracing towards the 172.500 resistance level following a notable decline. If the price fails to surpass this resistance and the accompanying descending trendline, which serves as a swap zone, it may indicate a continuation of the bearish trend. The repeated testing of this level underscores its significance as a resistance area. A clear bearish signal, such as a prominent long-tailed bar, could suggest a liquidity grab above this zone, indicating increased selling pressure and a potential opportunity to enter short positions. The target for such a move would be the support zone near 170.300