GBPJPY – Supply and Demand SetupBritish Pound / Japanese YenFOREXCOM:GBPJPYWINEGOTRADESOn the 30m timeframe, GBPJPY is testing a key supply zone after a strong rally. 🔴 Supply Zone (199.80 – 200.35): Price previously dropped aggressively from this zone. Current retest makes it a strong area for potential rejection. 🔵 Demand Zone (198.30): This is the first major support where buyers stepped in before. Serves as the main TP1 target for shorts. ⚡️ Extended Target (TP2 – 197.50): If sellers break through the 198.30 demand zone, price could extend lower towards 197.50, where deeper demand exists