MAJOR MONTHLY SUPPLY ZONE ON GBP/JPY SELLERS INBOUNDGBP/JPYOANDA:GBPJPYIts_just_a_geee_thangRegarding the monthly supply zone, my technical analysis indicates that the price has historically failed to breach this area over several years. I anticipate a potential reversal and recommend waiting for confirmation, such as a double top or harmonic pattern, before initiating a sell position. Furthermore, i will consider selling opportunities upon the .618 Fibonacci level being reached. Entry: 199.0 Take Profit: 183.3 Overall Price Target: 163.0