GBP/JPY | GBPJPY at Key Resistance Zone – Bears Getting Ready?

Nov 6, 2025

By analyzing the GBP/JPY chart on the 4-hour timeframe, we can see that the price is currently trading around 201.00, which is a key supply zone.
We should wait for a drop below 200.59 and confirmation of price stability under this level before expecting a stronger bearish move. The downside targets are 200.50, 200.20, and 199.39.

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Best Regards , Arman Shaban

Nov 7, 2025

Trade active

By analyzing the GBP/JPY chart on the 4-hour timeframe, we can see that the price is still trading within the supply zone between 200.620 and 201.440. This area acts as a major resistance, and so far, it hasn’t been broken either upward or downward.

As long as there’s no confirmed breakout in either direction, the market remains in a waiting phase.
A break below 200.59 could trigger a bearish move toward 200.20, 200.05, and 199.39, while a close above 201.44 may lead to a strong bullish rally.

For now, the main scenario remains focused on watching price reactions within the supply zone and waiting for a valid breakout.