Best Areas to Sell the GBP/JPY

The GBP/JPY pair is moving in a sideways direction, indicating a sell-off.

Therefore, a decline is expected in the medium and long term.

Currently, the pair has established strong selling supply areas on the hourly chart,

at the 198.780 level. If the new supply areas are visited, 

a further decline is expected, reaching the specified targets.

On the chart, the 198.300 and 197.700 levels are expected, respectively.

If the pair rises, breaks through the supply areas, and closes above them, 

the analysis fails, and the pair may continue to rise further.