Expected Movement of the GBP/JPY Pair

The GBP/JPY pair continued its upward movement, 

reaching the previous supply zones on both the weekly and daily timeframes.

These overlapping zones are considered the most important

 and strongest areas currently facing the pair

 as it attempts to continue its upward trend.

Expected Scenarios

Currently, we have several possible scenarios for the pair's movement.

The first scenario is a bounce from the current supply zones,

and a decline to targets at 204.80 and 203.

The second scenario is a breakout from the supply zones and a continuation of the upward movement

towards the targets set at 210 and 211.50.

Caution is advised, as the current levels are extremely important for the pair.