GBP/JPY Bullish Setup:Targeting194.193 After Demand Zone RetestTrend:
📈 Uptrend inside a rising channel (blue lines).
Key Zones:
🟦 Demand Zone: Between 190.400 - 190.700.
🧲 Acts as strong support where buyers previously stepped in.
Indicators:
📉 EMA 70 at 190.145 (below price) → bullish support.
Price Action:
📍 Current price: Around 191.260.
🔥 Recently touched upper channel resistance and pulled back slightly.
Target:
🎯 Target Point: 194.193.
Scenario:
🔄 Expecting a small pullback towards the demand zone or channel support.
🚀 Then a bullish continuation towards the target (194.193).
Risk Warning:
⚠️ If the price breaks below the demand zone and EMA, the bullish idea might be invalid.
Long
