Expected Buying Zones for the GBP/JPY Pair (Daily Timeframe)

The GBP/JPY pair continued its decline after pulling back from previous supply zones, eventually reaching daily demand zones.

The current zones are considered strong and could drive the pair upward in an anticipated corrective move on the daily timeframe.

Expected Targets

Should the pair rebound from the current demand zones near the 208 level, an upward move toward targets at 209.50 and 211.10 is expected.

This analysis would be invalidated if the price breaks below the current demand zones and a daily candle closes beneath them.