GBPJPYGBP/JPYOANDA:GBPJPYJabu_Souls07On the 4H timeframe, GBPJPY is currently consolidating between a key supply zone (200.500 – 200.800) and a demand zone (198.900 – 199.200). Price is hovering just above demand, showing hesitation and compression structure after a strong drop from the supply zone. 🔹 Market Structure: We can see a clear market break (MB) on the upside earlier in the month, which shifted momentum bullish. However, the recent rejection from the supply zone around 200.600 – 201.200 shows institutional selling pressure. Price is now ranging within a mid-zone (199.400 – 199.700), suggesting liquidity building before the next impulsive move. Liquidity sweep: Notice how the wick around 199.200 tapped into the demand before price rebounded—indicating smart money accumulation. 🔹 Zones of Interest: Demand Zone (198.900 – 199.200): Strong bullish reaction expected here. If price retests and holds, we could see another push back towards 200.600 supply. Supply Zone (200.500 – 200.800): Sellers already defended this zone aggressively. A revisit could create another short opportunity unless a clean break and close above 201.266 occurs, which would then confirm further upside continuation.