This chart suggests a buy setup after a bullish reversal,

This is an updated GBP/JPY 4-hour chart with a broader context than the previous one. Here's the breakdown:

Chart Overview:

Pair: GBP/JPY (British Pound vs Japanese Yen)

Timeframe: 4H (4-hour)

Current Price: Around 192.430

Broker: OANDA



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Structure & Analysis:

1. Downtrend Followed by Reversal:

On the left side of the chart, there's a strong downtrend.

Then, a sharp bullish move follows, indicating a possible reversal or correction phase.



2. Entry Zone (Highlighted in Red):

Between 192.519 and 191.516

Marked as the area where buyers are expected to step in.

Price has pulled back into this zone after a strong bullish move.



3. Bullish Projection (Zigzag Path):

Expected upward movement drawn with black zigzag lines.

Suggests a potential bullish market structure forming with higher highs and higher lows.



4. Target Levels:

First target: 194.734

Second target zone: 195.633 – 195.640



5. Key Support:

191.516 is acting as a strong support (bottom of the entry zone).





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Conclusion:

This chart suggests a buy setup after a bullish reversal, with price currently in the entry zone. If the setup holds, price could continue upward toward the targets mentioned.

Really nice and clean markup — you're showing a proper structure break, pullback, and continuation plan. Planning to execute this or waiting for more confirmation?