GBPJPY short (Supply Demand Anaylsis)

Last GBPJPY Analysis was great. We did not reach our Target because price formed a new Base on the h4. We could not broke it but the new Base was also a great Take Profit Level.

Current State:

Price formed the new Base pushes back to the Supply Zone and again back to the new Demand Zone. Afterwards it confirmed the new Demand Zone and price shot up. It broke the Supply Zone and Resistance Line.

Expectation:
I expect now price to go up to the daily Supply Zone and afterwards to drop down to the Support Zone/Demand Zone.
Wait for Price Action before entering the short position.

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