GBP/JPY – Are Lower Prices Ahead?British Pound vs Japanese YenPEPPERSTONE:GBPJPYShaboSGBP/JPY – Are Lower Prices Ahead? GBP/JPY remains in a strong bullish trend on the higher timeframes. However, the market is currently undergoing a corrective move, and the price action is becoming increasingly interesting. Last Thursday, the market broke its short-term structure to the downside, suggesting that sellers have taken control in the near term. Below the current price, there are several open Fair Value Gaps (FVGs) that could attract price as the market seeks to rebalance these inefficiencies. At the same time, the recent decline has left behind a short-term buy-side liquidity level. One possible scenario is that price first sweeps this short-term high, collecting the resting buy stops, before continuing its move lower toward the open FVGs. My preferred scenario: ➡️ Sweep the short-term buy-side liquidity. ➡️ Reject from that area. ➡️ Continue lower into the Fair Value Gaps below. Of course, this is a trading scenario, not a prediction. The market doesn't have to follow any script. I will wait for price action to confirm the setup before considering a position. Liquidity creates the opportunity. Price action provides the confirmation.