Lingrid | GBPJPY Continuation Anticipated Following Correction
FX:GBPJPY perfectly played out my previous trading idea. Price has absorbed the recent pullback without damaging the broader bullish structure, forming a clear higher low above the rising support line. The selloff appears corrective with demand stepping in precisely where trend continuation would be expected. Market behavior suggests sellers are losing follow-through rather than gaining control.
As long as price remains supported above the 210.5 demand zone, upside pressure may gradually rebuild. A push back through short-term resistance could trigger a renewed expansion toward the upper resistance area, aligning with the prevailing bullish channel.
Primary scenario: support holds continuation toward 213.5.
Risk scenario: a decisive breakdown below 210.5 could delay continuation and open room for deeper consolidation.
If this idea resonates with you or you have your own opinion, traders, hit the comments. Im excited to read your thoughts!