GBPJPY 15-Minute Analysis with Supply and Demand ZonesGreat Britain Pound vs Japanese YenVANTAGE:GBPJPY.TVfamousone_chn1. Market Context The price recently experienced a strong upward move followed by a rejection at the Higher Time Frame (HTF) Supply Zone near the 200.051 level. Key levels have been identified including an HTF Supply Zone (resistance area) and HTF Demand Zone (support area). 2. Price Structure and Key Levels The chart marks a weak high (x-weak high) near the supply zone which indicates possible exhaustion of upward momentum. A break of structure (x-bos) was followed by a retracement to the supply zone. The HTF Demand Zone around 198.070 marks a strong support area from which price might potentially rebound. 3. Trading Plan and Execution Entry: Consider a short (sell) position near the HTF Supply Zone (around 199.8 to 200.05) after confirmation of bearish rejection or reversal patterns. Target: Set the take profit near the HTF Demand Zone (around 198.07), which represents a strong support level. Stop Loss: Place a stop loss just above the HTF Supply Zone to protect against unexpected breakouts. Trade Management: Expect a possible retest or small pullback after the initial move from the supply zone before continuing the downward trend. 4. Outlook and Strategy The primary expectation is a downward movement from the supply zone to the demand zone. Watch for price action cues such as bearish engulfing candles or strong rejection wicks at the supply zone to confirm entry. If price breaks above the HTF Supply Zone strongly, reconsider the bearish bias for possible trend shifts.