GBP/JPY Holds Breakout Area as Uptrend Structure Stays Intact British Pound / Japanese YenFOREXCOM:GBPJPYFOREXcomGBP/JPY continues to show a constructive daily structure, with price holding above both the 50-day SMA and the 200-day SMA while pressing near recent highs. The broader trend remains firm, and the latest consolidation appears to be developing just above a previously tested horizontal resistance zone near 214.30, which now stands out as an important support reference. From a trend-following perspective, the alignment of the moving averages supports the bullish backdrop. The 50-day SMA is rising and remains well above the 200-day SMA, reflecting sustained upside momentum over both the medium-term and longer-term view. Price action staying above both averages suggests that recent pullbacks have so far been corrective rather than trend-breaking. Momentum readings are also relatively supportive. MACD is positive and remains above the signal line, indicating that upside momentum has improved again after the softer phase seen earlier in the chart. RSI is holding in the low-60s, which points to firm strength without yet suggesting an extreme overbought condition. The horizontal level around 214.30 is one of the clearest technical features on the chart. Price has pushed through that barrier and is now consolidating above it, which keeps the breakout structure intact for now. That kind of behavior often matters because it shows whether the market can maintain acceptance above prior resistance instead of immediately falling back into the old range. Overall, the daily chart retains a bullish bias as long as GBP/JPY continues to hold above the breakout zone and above the rising 50-day average. The combination of trend alignment, positive MACD structure, and steady RSI behavior supports a view of ongoing strength, with current price action looking more like consolidation near highs than outright reversal. -MW