Expected Scenarios for GBP/JPY

The GBP/JPY pair is still moving in a general uptrend

despite the current correction wave that extended to the 201.339 level

where the pair reached good demand and buying support levels.

Currently, it is in the process of returning and closing 

above the current demand areas

specifically, closing above the 202.126 level

We are expected to witness a resurgence in GBP/JPY.

The rise may extend to the 203.200 level, and if it closes above it,

the rise may continue to the next levels at 204.300.

Another scenario: a decline, which occurs in the event of a break

 and close below the current demand areas, 

but provided there is selling momentum.

 The decline may continue until the next demand areas, around 198.800.

The pair may be inclined to rise further as long as we remain in the uptrend.

However, please be careful and monitor the pair closely 

and manage your capital when entering.