
A long-term trade is pending for the GBP/JPY.
The GBP/JPY pair is still moving in a strong general uptrend.
Currently, the pair is attempting a correction.
This has occurred after reaching important and strong resistance areas on the daily frame.
This has already started to push the pair down.
In the event of a downtrend and correction, we are expected to see a decline,
reaching near the buying demand areas.
Located near the 195.360 level.
These are currently considered the most important buying areas
and are consistent with the uptrend.
From there, a return to the uptrend is expected.
Towards the specified targets at the 196.60 and 198.00 levels.
The analysis failed to break the uptrend and the demand areas,
and a daily candlestick closed below them.