Bullish Continuation – Buy the Pullback | GBPJPY 30/08

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Bullish Continuation – Buy the Pullback | GBPJPY 30/08GBP/JPYOANDA:GBPJPYAdrian_NovaTraderGBPJPY remains inside a clear ascending channel, and the H4 structure continues to favor buyers. The recent pullback toward the lower part of the channel appears corrective for now, while price is still holding above the key support structure. 📈 Today's Direction: BULLISH My expectation today is for GBPJPY to hold above the current support area and continue higher toward the upper channel resistance. The main idea is not to chase a breakout, but to wait for a pullback into the entry zone. 🔵 MAIN BUY PLAN Entry Zone: 216.30–216.70 Stop Loss: 215.80 🎯 TP1: 217.30 🎯 TP2: 218.10 🎯 TP3: 218.50 How I Would Execute If price pulls back into 216.30–216.70 and holds above the zone, I will look for bullish confirmation on a lower timeframe before entering. The ideal confirmation would be: Strong bullish rejection from the zone A bullish CHoCH/BOS on the lower timeframe Buyers reclaiming the short-term structure If price moves directly higher without a pullback, I would avoid chasing the market. 📊 Expected Scenario Today My preferred scenario is: Pullback or consolidation around 216.30–216.70 → buyers defend support → bullish continuation toward 217.30 → expansion toward 218.10–218.50. The 218.10–218.50 area is also a major resistance zone, so I would expect price to slow down or react when it reaches this target. ⚠️ Invalidation A clear H4 move below 215.80 would invalidate the current bullish setup. If this level breaks, the ascending-channel structure would weaken and the market could move toward lower liquidity instead. 📌 TRADING PLAN SUMMARY 📈 Bias Today: Bullish 🔵 Buy Zone: 216.30–216.70 🛑 SL: 215.80 🎯 TP1: 217.30 🎯 TP2: 218.10 🎯 TP3: 218.50 Preferred direction today: BUY THE PULLBACK while GBPJPY remains above 215.80, targeting the upper channel and major resistance around 218.50.