This is a GBP/JPY 1-hour chart showing a strong uptrend inside an ascending channel. Price is making higher highs and higher lows, clearly respecting the channel structure. After a period of range consolidation, the pair broke upward and continued bullish momentum. The Ichimoku Cloud is mostly below price, acting as dynamic support, which confirms trend strength. A small pullback is visible near the mid-channel, but overall structure remains bullish, with a projected upside target around the 216.00 resistance zone, as marked on the chart.
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get information about Gold, BTC and forex market
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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.
