GBPJPY - H1 Analysis & Key Levels

📉 GBPJPY - H1 Analysis & Key Levels

🔴 Supply Zone: 193.00 - 193.21
🟢 Demand Zones: 190.80 - 190.90, 189.14 - 189.20, 187.50 - 187.60

📊 Possible Scenarios:
1️⃣ Bearish Rejection: If price rejects the 193.00 - 193.21 supply zone, further downside toward 190.80 - 190.90 or deeper levels is likely.
2️⃣ Break & Retest: A confirmed breakdown below 190.80 could indicate further bearish momentum toward 189.14 - 189.20 and lower.

💡 Trading Plan:
✅ Watch for rejection at 193.00 - 193.21 for potential short entries.
✅ Monitor 190.80 - 190.90 as a key level for intraday reactions.
✅ A confirmed break below 189.14 could signal further downside continuation toward 187.50 - 187.60.

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