GBP/JPY Channel Bounce – Bulls Targeting Higher HighsBritish Pound/Japanese YenFX:GBPJPYAM_AlphaTradingGBP/JPY remains inside a well-defined ascending channel, maintaining a strong bullish market structure. Price recently pulled back into a key demand zone aligned with the lower channel support, where buyers stepped in and defended the area aggressively. This reaction confirms that demand is still active and the market continues to form higher lows, a classic bullish continuation signal. GBPJPY From a supply and demand perspective, the current bounce from demand suggests accumulation before another upside move. If price holds above this zone, GBP/JPY is likely to push toward the next supply zone, followed by the psychological resistance near the upper channel boundary. However, a clean breakdown below the demand zone and channel support would invalidate the bullish structure and open the door for a deeper correction. 👍 Support This Analysis If you found this idea useful: 👍 Like this analysis 💬 Drop your view in the comments – Bullish or Bearish? 🔔 Follow for more high-probability setups Your support helps grow and share valuable trading insights 🚀 ⚠️ Disclaimer This content is for educational purposes only