GBP/JPY GBP/JPYOANDA:GBPJPYBuerdsellFXGBP/JPY has reached a significant level of interest at the 196.260 area on the daily timeframe. From this point, price action could develop in one of two key scenarios: 1) Bullish Continuation: If price breaks above the 196.260 level, confirming continued bullish momentum, I would look for a potential long entry on a successful retest of this zone. 2) Bearish Reversal: Alternatively, if price rejects this key level, I will wait for confirmation of a reversal—such as the formation of lower lows and lower highs, supported by classic reversal patterns like a head and shoulders or double top, alongside a trendline break—before considering a short position. I will continue to monitor GBP/JPY closely over the coming sessions to assess how price reacts at this critical area.