The pound yen and the expected buying areas for the daily frame

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.