GBP/JPY, Technical Analysis – H4

The pair has likely completed the latest phase of downward technical correction and now appears poised for a fresh bullish trend swing. The most obvious target is a breakout (or wick-through) of the previous local high zone around 215.500.

Key Levels:

□ 215.500 — key resistance and primary upside target

□ Current levels — consolidation base after correction

Primary Scenario:

Rise toward 215.500.

Alternative Scenario:

Continuation of consolidation at current levels.

Analyst Commentary:

High probability of successful execution.