GBP/JPY remains inside a well-defined ascending channel, maintaining a strong bullish market structure. Price recently pulled back into a key demand zone aligned with the lower channel support, where buyers stepped in and defended the area aggressively. This reaction confirms that demand is still active and the market continues to form higher lows, a classic bullish continuation signal. 
GBPJPY
From a supply and demand perspective, the current bounce from demand suggests accumulation before another upside move. If price holds above this zone, GBP/JPY is likely to push toward the next supply zone, followed by the psychological resistance near the upper channel boundary. However, a clean breakdown below the demand zone and channel support would invalidate the bullish structure and open the door for a deeper correction.
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GBPJPY From a supply and demand perspective, the current bounce from demand suggests accumulation before another upside move. If price holds above this zone, GBP/JPY is likely to push toward the next supply zone, followed by the psychological resistance near the upper channel boundary. However, a clean breakdown below the demand zone and channel support would invalidate the bullish structure and open the door for a deeper correction.
👍 Support This Analysis If you found this idea useful:
👍 Like this analysis
💬 Drop your view in the comments – Bullish or Bearish?
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⚠️ Disclaimer
This content is for educational purposes only
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Telegram Channel Link -
t.me/AM_Alpha_Trading
Contact Me @ t.me/Alphatrading_admin 📍📍
t.me/AM_Alpha_Trading
Contact Me @ t.me/Alphatrading_admin 📍📍
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.