Best Buying Zones for GBP/JPY on the Daily Timeframe

The GBP/JPY pair has begun a corrective decline

following the recent strong upward surge.

The pair continued its decline, reaching levels around 200.01.

A further decline is expected in the current period,

as current price action supports further downward movement.

In the event of a decline, the pair is expected to reach the identified demand zones,

which are considered the best buying opportunities at present.

The demand zones are located at the 198.65 level.

A rise from these levels is expected towards the targets shown on the chart,

which are located at the 200 and 201.60 levels, respectively.

The analysis will be invalidated if a daily candle breaks and closes below the demand zones.