If price remains below the Sibi zone and continues to respect lower highs, it could head toward the demand zone at 191.712 or lower.
Price could spike upwards to clear the relative equal highs (above 193.5) for liquidity before continuing downwards. A break above the Sibi zone and a retest might signal a reversal to retest the supply zone (195 region).
Look for rejection near the "Sibi" zone for a short opportunity targeting the demand zone (191.7 or lower). Maintain stops above the relative equal highs for safety
Use tight stop-loss levels given the volatile nature of GBP/JPY. Wait for clear confirmation (e.g., candlestick patterns, volume spikes) before entering trades.
POTENTIAL SELL. LETS SEE HOW PRICE REACTS . WHAT ARE YOUR THOUGHTS ?