GBPJPY remains strongly bullish, maintaining a clear sequence of higher highs and higher lows with price respecting the ascending trendline and repeatedly reacting to demand zones. After breaking above the 206.000–206.500 structure, price has pulled back into a high-confluence demand area formed by previous resistance turned support, trendline touch, and the origin of the last impulsive move. I’m looking for bullish confirmation within this zone—such as rejection wicks or a bullish engulfing—to catch the continuation toward 208.000–208.600, with 209.000 as an extended target. This setup is based purely on price action, break-and-retest structure, and pattern continuation. Super clean, crystal clear and simple set up .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
