GBPJPY shows bullish potential, supported by key technical indicators aligning with an upward trend. A break above recent resistance levels suggests strong buying momentum. Favorable market sentiment and risk-on appetite further fuel the pair's rally. Entry on pullbacks with a stop loss below recent swing lows offers a favorable risk-to-reward setup, targeting the next resistance zones.
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A liquidity sweep has been identified for GBPJPY at the 194.291 level, suggesting a potential accumulation of buy-side liquidity. This movement aligns with expectations of a bullish shift to fill the imbalance visible on higher timeframes. The price action indicates a possible break of structure to the upside, supporting further continuation towards key resistance levels or unmitigated zones above. This setup provides an opportunity for buyers targeting a retracement to balance market inefficiencies
Beyond Technical Analysis

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