GBPJPY: Triangle Breakout Favors Further UpsideGBP/JPYOANDA:GBPJPYParadise_NoirGBPJPY has maintained its bullish structure on the H4 timeframe after bouncing off the lower boundary of an expanding triangle pattern. The price is currently trading above the Ichimoku cloud, while the Kijun-sen line around 218.07 continues to act as dynamic support. As long as this level holds, the bulls retain the advantage. Fundamentally, the JPY remains under pressure due to the significant interest rate differential between Japan and the UK, while warnings of intervention from Japan's Ministry of Finance have so far remained limited to verbal statements. This supports a positive short-term trend for GBPJPY, although investors should closely monitor any news regarding potential market intervention. The preferred scenario is to wait for the price to hold the 218.07 level and confirm an upward bounce. If buying momentum persists, GBPJPY could target 219.16 before extending toward the 219.70 area, which represents a key resistance zone on the H4 chart. Invalidation scenario: If the price closes below 218.07 on the H4 timeframe and drops below the Ichimoku cloud, the bullish structure would weaken, increasing the likelihood of a deeper correction.