Expected Scenarios for the GBP/JPY Pair

The GBP/JPY pair is moving in a narrow sideways range 

after continuing its strong upward trend following previous accumulation.

Currently, the pair is confined between key demand and supply zones.

This is a pivotal point in predicting the pair's future movement.

Expected Scenarios

Currently, we have several expected scenarios in the short and medium term.

The first scenario is a decline, provided the demand zones are broken 

and the price closes below them on at least a 4-hour candle.

A decline is expected towards the next demand zones, which are considered very strong.

We might see some renewed upward movement from these zones if the pair reaches them.

The second scenario is a continuation of the current upward trend, 

but this is contingent on a breakout and close above the current supply zones on a 4-hour candle.

This breakout must be accompanied by clear momentum, 

indicating buyer control and a potential resumption of the upward trend.

In any case, please exercise caution during trading at this time.

And please pay close attention to managing your capital.