GBP/JPY – 15 min chart
After a prolonged corrective move, price action is beginning to show signs of structural recovery. We’re now seeing a shift in momentum as higher lows start to form, suggesting potential for a bullish continuation.
The market is currently stabilizing above a local support zone, following a strong bullish impulse. Should price pull back slightly — especially around the 193.500 area — and hold, it may provide a springboard for a move toward the next key resistance near 195.500.
This area stands out not only as a previous structural level but also as a likely liquidity pocket. A clean break above could open the path toward the 196.750 region, aligning with higher timeframe levels (weekly/monthly).
After a prolonged corrective move, price action is beginning to show signs of structural recovery. We’re now seeing a shift in momentum as higher lows start to form, suggesting potential for a bullish continuation.
The market is currently stabilizing above a local support zone, following a strong bullish impulse. Should price pull back slightly — especially around the 193.500 area — and hold, it may provide a springboard for a move toward the next key resistance near 195.500.
This area stands out not only as a previous structural level but also as a likely liquidity pocket. A clean break above could open the path toward the 196.750 region, aligning with higher timeframe levels (weekly/monthly).
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