GBP/JPY Technical Outlook: Ascending Channel Breakout Focus

Source: Dukascopy Bank SA
GBP/JPY chart highlights a well-defined ascending channel that has maintained a steady bullish structure since February, with the price currently hammering against immediate resistance at 216.319. A clean breakout and daily close above this level would confirm upside continuation, likely driving momentum toward the major psychological target of 220.000 near the upper boundary of the channel. On the flip side, if sellers reject this move, expect a minor pullback to find structural support at the 215.000 handle or closer to the dynamic lower channel line at 212.304, both of which offer solid entry zones to keep the broader uptrend intact.





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