GBPJPY 3H Chart Analysis – Shavyfxhub Strategy
Market Structure Overview
Major Supply Zones (Resistance)
218.752 → Strong recent high / Supply Roof
216.385 → Intermediate Supply
215.402 – 215.349 → Key resistance zone
213.870 → Mid-level supply
Key Demand Zones (Support)
212.428 – 212.409 → Immediate Demand Floor (currently being tested)
209.746 – 209.655 → Stronger lower Demand Floor
Structure Notes
Price made a strong push higher earlier, reaching near 218.75, then sold off sharply.
The decline broke below several short-term supports and is now testing the 212.40 Demand Floor.
A clear descending trendline (green dashed) has been guiding lower highs since early May.
Current price action is at a critical decision zone around 212.40.
Projected arrows on the chart show two main scenarios:
Bounce from the 212.40 Demand Floor and move higher
Breakdown below 212.40, opening the path toward the deeper Demand Floor at 209.65–209.75
Current Bias (Shavyfxhub Style)
Scenario,Condition,Expectation
Bullish Bounce,Hold & close above 212.40,Move back toward 213.87 → 215.35 → 216.38
Bearish Continuation,Break & close below 212.40,Deeper drop toward 209.65 Demand Floor
Summary:
GBPJPY is at a key short-term Demand Floor (212.40). As long as this level holds, a corrective bounce remains possible. A clean break below 212.40 would shift the short-term structure more bearish and open the door to the stronger demand zone near 209.65.