Post #4175

📊GBP/JPY – H3 Scenario (Fundamental & Technical Outlook) 📌 The GBP/JPY pair is showing weakness after failing to sustain above the 199.50 – 200.00 resistance zone. On the technical side, the market structure suggests a potential break of 198.40, which could accelerate bearish momentum towards 195.50 – 195.00, aligning with the next major demand zone. 📊Technical View: 📎 Price rejected the 200.00 psychological barrier. 📎 A clear break and retest of 198.40 could confirm bearish continuation. 📎 Next liquidity pool sits near 195.00, making it a high-probability target for sellers. 📰Fundamental View: 📎GBP remains pressured as traders weigh slower UK growth, dovish BOE sentiment, and weaker consumer confidence data. 📎JPY demand is supported by risk-off flows and speculation that the Bank of Japan could lean more hawkish amid rising inflationary pressures. 📎 Global equity market softness is further boosting JPY safe-haven appeal. 🛰Conclusion: If fundamentals continue to support JPY strength while GBP weakens on dovish signals, a deeper bearish leg towards 195.00 remains the most probable scenario. 🔍Stay sharp: London session volatility & upcoming BOE/BoJ commentary could drive strong intraday swings. 📱GBP/JPY 🇬🇧🇯🇵~ Shadowtraderfx 💡 What’s your take? Do you see GBP/JPY heading lower, or will bulls defend the 198.40 support?