GBP/JPY Triangle Breakout Looms Bulls Eye 219.50 on ConfirmationGBP/JPYOANDA:GBPJPYTrade_ActionKey Technical Levels Triangle Support: 217.90–218.00 Current Price: 218.18 Immediate Resistance: 218.60–218.70 (upper trendline) Major Resistance: 219.40–219.50 Bullish Scenario If buyers maintain control above the ascending trendline, GBP/JPY is likely to test the upper boundary of the triangle around 218.60–218.70. A decisive breakout and close above this resistance would confirm bullish continuation, with the next upside target at 219.40–219.50. Bearish Scenario Failure to break the upper trendline, followed by a close below 217.90, would invalidate the bullish setup and expose the pair to further downside toward lower support levels. Trading Outlook Bias: Bullish while price remains above the rising trendline. Confirmation: Break and close above 218.60–218.70. Upside Targets: 218.70 initially, followed by 219.40–219.50. Invalidation: Sustained break below 217.90.