GBPJPY: Ascending Triangle Keeps Bulls in ControlGBP/JPYOANDA:GBPJPYEldric_Morran_GBPJPY maintains its bullish trend as the price continues to trade above both the EMA34 and EMA89. Following a correction from the 219.50 level, the market is forming an ascending triangle pattern characterized by higher lows, indicating that buying momentum is building. The 218.00 level currently serves as key support, a zone where buyers have repeatedly stepped in. Fundamentally, the JPY remains under pressure due to the interest rate differential between the UK and Japan, while warnings of intervention from Japan's Ministry of Finance have yet to be backed by concrete action. This continues to favor GBPJPY in the short term, although the market should closely monitor statements from Japanese officials. The preferred scenario is to wait for the price to hold the 218.00 level and break above the upper boundary of the triangle pattern. If a breakout is confirmed, GBPJPY could advance toward the 219.60 resistance zone, which also represents a significant supply area on the H4 timeframe.