GBPJPY Breakout Retest in Play – Bulls Target 213.70 & 214.50

GBPJPY has broken above a well-defined ascending triangle on the 1H timeframe, confirming a shift in momentum in favor of the bulls.

Buyers finally pushed through the horizontal resistance, signaling the potential for further upside.

Price is now consolidating above the breakout area, and a retest of the former resistance could provide the foundation for the next bullish leg. As long as this zone holds as new support, the breakout structure remains valid.

The first upside target is located at 213.70, where previous supply may slow the advance. A successful move beyond that level would expose the next key resistance around 214.50,

Bullish Targets:
🎯 Target 1: 213.70
🎯 Target 2: 214.50

You can find more details on the chart.
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