GBPJPY Market BreakdownGBP/JPYOANDA:GBPJPYCEEJAYYTRADESWe are currently analyzing GBPJPY on the 4-hour down to the 1-hour time frame. Right now, price has been trending upward along a support trendline, after previously pushing lower. However, there is a key resistance level around 214.309 that we are monitoring closely. One of the main areas of interest is a Fair Value Gap (FVG) located around the 212.160 area. Our primary focus is to see price retrace into this imbalance to fill the gap. Once price reaches this zone, we will be watching closely for confirmation through price action before considering any entries. Trade Idea (Pending Setup) Entry Concept: Potential sell after confirmation from the 212.160 FVG Target 1: 209.000 Target 2: 207.417 Stop Loss: Slightly above 213.083 However, it’s important to note that price is currently trending upward, so we must be cautious and allow the market to confirm the direction before committing to the trade. Fundamental Consideration At the moment, GBP is stronger than JPY, which supports the current upward pressure. Historically during the week, JPY tends to gain strength, so we will be watching closely to see if JPY begins to overpower GBP, which could provide the momentum needed for a downside move. News and overall market sentiment will also be key factors in confirming this setup. Trading Plan This trade is NOT active yet. This is simply a pending setup. We will: Wait for price to reach the Fair Value Gap Confirm price action Monitor fundamentals and news Enter only after clear confirmation No chasing trades. Patience and discipline are key.