A weak Yen is an opportunity – GBPJPY is still soaring!GBP/JPYOANDA:GBPJPYParadise_NoirCurrently, GBPJPY is simply following the pattern of a strengthening wave. In terms of news, the JPY is still overshadowed by the oil story and geopolitical tensions, while the BOJ has yet to take strong action. This derails the myth of a weak Yen, and money continues to flow into GBP – creating a foundation for the sustained uptrend. Looking at the chart, the bullish structure is very clear: price is compact within the ascending channel, continuously creating higher lows after lower lows. The trendline areas have all shown clean bounces, proving that buyers are completely in control. The price is also holding above the Ichimoku cloud → the uptrend remains strong, with no signs of breaking. Currently, the 214.6–214.7 region is a very strong support zone, encompassing both trendlines and support. If the price recovery here holds, there's a high probability of a further upward movement. The familiar pattern: correction followed by further movement. In the short term, with the JPY remaining weak, GBPJPY has a chance to continue climbing to the 215.5 → 216.0 region. This is a fairly reasonable target given the current price channel structure.