Looking at the GBP/JPY 1-hour chart, I see that the price is heading toward the supply zone at 192.982. After clearing liquidity around the 189.919 level, the market has shifted upwards, breaking through key resistance zones. This strong bullish push suggests that buyers are in control and aiming to test that supply zone.

As the price approaches 192.982, I’m keeping an eye on it, since this could act as a significant resistance area where sellers might jump back in. If the supply zone holds, there’s a chance we could see a pullback or reversal from this level.

Right now, I’m riding the bullish momentum toward the supply zone, but I’ll be watching closely for any reaction when we reach it. If we start to see signs of weakness, it might be time to consider a shift in strategy.

GBPJPY
Supply and DemandSupport and ResistanceTrend Analysis

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