**GBP/JPY – Are Lower Prices Ahead?**British Pound vs Japanese YenPEPPERSTONE:GBPJPYShaboS**GBP/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.**