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Gbpjpytrend

GBPJPY - BULLISH CONTINUATION OR REVERSAL?Symbol - GBPJPY GBPJPY has broken the structure of the local downtrend amid persistent weakness in the Japanese yen. This shift opens the possibility for a continuation of the broader bullish trend. The yen continues to depreciate, while the British pound maintains its upward trajectory. A breakout above local trend resistance is developing, reinforcing the overarching bullish market structure. The key support zone remains 203.50–203.26 Sustained consolidation above this zone would confirm buyer strength and could provide the foundation for further upside. If bulls successfully defend 203.50, an extension of the rally becomes increasingly likely. Resistance levels: 204.06, 205.32 Support levels: 203.52, 203.26 A strong battle between buyers and sellers is unfolding around the 203.50 zone. Ongoing consolidation above 203.00 highlights the significance of this area. The current bias remains focused on the bulls, maintaining price action above 203.50 would support continued growth, while failure to hold this zone could lead to a corrective move back toward support for a retest.
Long
by akshit_official
GBPJPY Analysis – Bullish Outlook and Market ForecastGBPJPY Analysis – Bullish Outlook and Market Forecast GBP/JPY Market Outlook The structure of GBP/JPY continues to highlight an orderly bullish cycle. Price action is showing clear phases of expansion, retracement, and continuation, reflecting strong market rhythm rather than random volatility. Recent break-of-structure signals confirm that short-term corrections are consistently being absorbed, with liquidity cycles providing fuel for further upside development. The current pullback is part of a healthy market rotation, where positioning is reset before the next directional move. This type of behavior often signals strength, as it reflects deeper participation rather than exhaustion. The broader flow suggests that buyers remain in control, with momentum favoring sustained upside progression over the medium term. In summary, GBP/JPY is maintaining structural integrity, with corrections serving as opportunities within an established bullish framework. The outlook remains constructive, supported by consistent market behavior and trend alignment.
Long
by XAU_EMPIRE