GBPJPY Structuring for a Move Higher
I see GBPJPY breaking through a key intraday resistance level on the 1-hour chart, confirming a bullish continuation pattern.
GBPJPY – Intraday Bullish Bias
The pair has cleared a well-defined resistance zone on the 1-hour timeframe, suggesting buyers are back in control after a period of consolidation. This is not a breakout I chase impulsively; I prefer to wait for a retest and a clean rejection before committing to the long side.
My bias remains bullish as long as price holds above the former resistance-turned-support. The structure is clean, and the risk-reward looks favorable from a swing perspective. I will not force the trade if the retest fails, but the setup aligns with my methodical approach to trend continuations.
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