Best Buying Zones for GBP/JPY in the Short Term

The GBP/JPY pair has broken through resistance levels on the 4-hour timeframe, confirming the continuation of the upward trend.

The pair has also established new buy demand zones on the same timeframe, which are considered among the best buying opportunities at present.

Expected Targets

If the price falls and tests the demand zones near 215.59, we expect to see a rebound, targeting 216.100 and 216.700 respectively.

However, if the initial demand zones are broken and the price closes below them, the technical analysis will be invalidated, and the pair may continue its decline to the next levels near 213.220.