Clean and Clear Explanation of GBPJPY GBP/JPYOANDA:GBPJPYIGT_TradersGBPJPY is showing signs of bullish continuation after respecting a key support area and maintaining its higher-timeframe bullish momentum. Despite the recent consolidation, price remains above the major demand zone, suggesting buyers are still in control. The chart highlights an earlier liquidity sweep, followed by a strong impulsive bullish move, confirming institutional buying interest. After that rally, price formed a series of lower highs, indicating a corrective phase rather than a complete trend reversal. The current pullback appears to be approaching a significant demand area where buyers could re-enter the market. The 217.50–217.30 key support zone is the most important short-term level. A successful reaction from this area would strengthen the bullish outlook and could trigger the next impulsive move higher. This zone aligns with the expected accumulation area before continuation toward higher liquidity. Below that, the 216.40–216.00 higher-timeframe demand zone remains the primary institutional support. As long as price stays above this demand zone, the broader bullish structure remains intact. On the upside, the first confirmation of renewed strength would come from a break above the recent lower highs. Clearing this resistance would likely attract momentum buyers and open the path toward the 220.20–220.50 major resistance zone, where significant sell-side liquidity is expected. Key Levels Immediate Support: 217.50–217.30 Major Demand Zone: 216.40–216.00 Key Resistance: Previous lower highs around 218.90–219.00 Bullish Target: 220.20–220.50 Bullish Outlook The preferred scenario is for GBPJPY to hold above the 217.50–217.30 support zone, establish a bullish reaction, and break the recent lower-high structure. If buyers regain momentum, the pair could continue its advance toward the 220.20–220.50 resistance area. The bullish bias remains valid while price continues to respect the highlighted support and higher-timeframe demand zones.