GBP/JPY Rejection from Supply Zone – Target 191.450

The GBP/JPY 1-hour chart shows price reacting from a clearly defined supply zone around 193.000, with bearish pressure pushing it down. The chart suggests a potential move toward the target at 191.450, just above the demand zone where buyers may re-enter. The blue arrow highlights the expected short-term bearish move. Price action confirms a possible rejection from resistance with sellers likely in control for now.

This GBP/JPY chart shows price hitting a supply zone (resistance) and starting to move down.

The chart suggests that price will likely drop to 191.450, which is just above a demand zone (support), where buyers might step in again.

In simple terms: Price went up, hit resistance, now expected to drop to 191.450.

Note:
This is not a trading signal, just my personal analysis based on current market trends.

Mr_Lucas_Fx_01

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Mr_Lucas_Fx_01

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