GBPJPY GBP/JPYOANDA:GBPJPYCoolSlavesFxThis asset is tracking gold and EURUSD trends, but its momentum remains insufficient for a buy trade at present. Using swing lows and highs, the market structure has clearly shifted direction, confirming a bullish trend. It has also broken a major resistance level, now acting as support, which signals potential buys—yet this is precisely why I'm avoiding buy entries now. The market may pull back further to the 50% retracement of this new uptrend range before offering a stronger buying opportunity.