GBPJPY – Strong gains towards key supply areas…will correction begin?

The GBP/JPY currency pair continues to move on the back of a series of clear uptrends…
Break in Structural (BoS)
Several areas of strong demand emerge at the following levels:

203.40 – 202.80

The deepest areas are located in:

202.20 – 201.80

These areas have managed to push prices higher on more than one occasion, confirming the strength of buyers in the short term.

Currently, price has reached a pivot supply area between:

204.20 – 204.60

This area has experienced significant price rejection before, making it a key area for strong reactions.

🔍What are we watching now?

Price approach tests key supply areas

This area is an important resistance level that could push prices towards a short-term correction

However, as long as we don’t see a downside breakout, the fundamental structure remains bullish

📉 Landing scenario (most likely when the area is denied):

If price rejection occurs at 204.20 – 204.60 (reversal candle + weak momentum)
We may see declines in:

203.40 – 202.80 First demand area

If broken → extend landing to stronger area
202.20 – 201.80

🟢 Ascension scene:

If the price breaks out of the supply zone and closes strongly above 204.60
→ Expected to complete climb:

205.20 then 206.00

The market is in a sensitive area…it is important to read the price reaction now before making any decisions.