GBP/JPY | GBPJPY Rejects from Supply Zone, Bearish Setup in Play

Nov 10, 2025

By analyzing the GBP/JPY chart on the 4-hour timeframe, we can see that after an initial correction down to 200.315, the price found strong demand and invalidated the initial bearish scenario, climbing back up to the second key supply zone.
Currently, the pair is trading around 202.95, and if it manages to stay below 203, we could see another price correction soon. This analysis will be updated soon.

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Best Regards , Arman Shaban

Nov 11, 2025

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By analyzing the GBP/JPY chart on the 4-hour timeframe, we can see that after an initial drop to 202.330, the price bounced back to 203.070, retesting the previous supply zone.
Now it looks like GBP/JPY is preparing for a deeper bearish move. The key condition for this downtrend to continue is a confirmed close below 203.300.
The next potential downside targets are 202.600, 202.300, and 201.800.