A Strong Selling Opportunity Awaits for the GBP/JPY Pair

The GBP/JPY pair is exhibiting a strong upward trend on the daily timeframe, following a period of accumulation on the same timeframe.

Expectations point to a potential continuation of this rise, especially since the nearest significant selling zones remain quite distant for now.

Expected Targets

Should the GBP/JPY pair continue its ascent, it is likely to reach the supply zones near the 216 level. From there, a decline is anticipated toward the designated targets at approximately 215.100 and 213.900, respectively.

This projected decline would be invalidated if the price breaks above the identified supply zones and closes with a strong bullish daily candle.