Description:
GBPJPY has broken structure and is respecting the ascending trendline with strong bullish momentum. Price is currently pushing higher but may retest the demand zone around 189.800 – 190.100 before launching toward the 195.000+ supply area.
Volume profile shows heavy accumulation below, adding confluence to the potential bullish continuation.
Trade Idea:
Entry: On a pullback to the green demand zone
SL: Below 189.500
TP: 195.000+
Bias: Bullish continuation following trendline support + demand reaction
Eyes on the retest — buying the dip could be golden.
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Disclaimer
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.