GBPJPY: Bullish Momentum Confirmed Across Timeframes
Break of Weekly Countertrend Sets the Stage for a New Leg Higher
Weekly Countertrend Broken – Expansion Phase in Focus
The GBPJPY pair has signaled a significant shift in momentum, as the weekly chart has broken its countertrend structure with a confirmed bullish wave. This breakout confirms the beginning of an expansion phase on the higher timeframe, validating the weekly Fibonacci target levels, with the Fibonacci 100 as the primary long-term objective.
Daily Trend Aligned – Expansion Phase Active
The daily timeframe is already in an established long trend, actively expanding toward its next targets. The structure remains clean, with no significant resistance until the 138.2–161.8 Fibonacci extension zone, which aligns with the weekly expansion context.
H4 Breakdown – Reaction Zone and Trigger Area
On the H4 chart, the market is currently interacting with a clean breakdown level, which acts as a short-term reaction zone. If bulls absorb this level and close above it with a confirmed wave structure, it will mark a renewed alignment across the daily and H4 trends. In such a scenario, both the daily Fibonacci targets (138.2–161.8) and the weekly Fibonacci 100 level will become actionable targets for the bulls.
Validation Level
The weekly pivot zone remains the key validation level. As long as the market holds above this zone, the bullish scenario remains intact. A breakdown below would invalidate the current expansion thesis and shift focus back to a corrective structure.
Summary
The GBPJPY pair has confirmed a bullish shift on the weekly timeframe with a clean countertrend break. The daily trend is in active expansion, and the H4 chart is testing a key reaction zone.
If this short-term resistance gives way, upside targets at the daily 138.2–161.8 Fibonacci zone and the weekly 100 level come into focus.
The setup remains valid above the weekly pivot zone, which serves as the key invalidation level for this bullish scenario.
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