GBPJPY – H4 AnalysisGBP/JPYOANDA:GBPJPYHAAADYPrice has delivered a clean bullish continuation after a strong impulsive move, followed by controlled consolidation at premium levels. Market Structure •Clear Break of Structure (BOS) to the upside confirms bullish market intent. •Previous bearish order block has been mitigated and respected, acting as a valid demand base. •Strong displacement created a visible Fair Value Gap (FVG) below current price, indicating unfilled bullish inefficiency. Current Context •Price is consolidating above prior highs, suggesting absorption and accumulation rather than distribution. •No major bearish displacement inside the range → sellers lack strength. •Consolidation at highs often precedes expansion in the direction of the trend. Trading Scenarios •Primary Bias: Bullish •Look for continuation after range high break. •Upside expansion likely once liquidity above consolidation is cleared. •Alternative Scenario •A healthy pullback into the FVG / premium demand for continuation buys. •As long as price holds above the validated order block, bullish bias remains intact. Key Insight Patience is required. This is a classic impulse → consolidation → expansion structure. Let price show intent before execution—no chasing inside the range. High-timeframe flow remains bullish until demand is violated.