GBPJPY remains firmly inside a well-defined upward channel, with price holding above both the ascending trendline and the former consolidation zone. The recent pullback formed a higher low, confirming trend strength and continuation intent.Momentum is rebuilding after consolidation, and price is now positioned for a push toward the 213.8 resistance zone, which aligns with the upper channel boundary. As long as price stays above the 211.4 support area, the bullish scenario remains intact.
➡️ Primary scenario: higher low holds → continuation toward 213.8
⚠️ Invalidation: sustained break below 211.4 would weaken the bullish structure
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.