GBPJPY 1H: Testing 217.20 Resistance in Rising Wedge

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GBPJPY 1H: Testing 217.20 Resistance in Rising WedgeGBP/JPYOANDA:GBPJPYLegacy_Trader01GBPJPY 1H - British Pound / Japanese Yen Analysis Pattern: Rising Wedge / Ascending Channel Price ne 215.00 support se strong blue impulse diya aur ab wedge ki upper line ko test kar raha hai. Key Levels Marked: 1. Current: 216.935 2. Resistance: 217.200 Red zone. Wedge ki upper trendline 3. Target Zone: 216.420 Yellow line. Agar rejection aaye to pullback target 4. Support Zone: 215.00 - 215.20 Pink zone. Wedge ki lower line 5. Fake Breakout: Left side par mark hai. Price ne pehle neeche fakeout dekar buyers ko trap kiya tha Scenario: 1. Bullish: 217.200 break with strong close → Next leg up, wedge target expand hoga 2. Bearish: 217.200 se rejection → Pullback to 216.420 target zone → Lose that → Drop to 215.00 support Bias: Cautious Bullish. Price resistance par hai. Jab tak 217.20 break nahi hota, pullback ka risk hai. 216.420 hold karna zaruri hai bulls ke liye. Not financial advice. Wait for candle close --- ### 20 Min Description for Post / Telegram Title: GBPJPY 1H: Testing 217.20 Resistance in Rising Wedge Description: `GBPJPY rallied from 215.00 support and is now testing major resistance at 217.20. Price is inside a Rising Wedge pattern. Bullish: Break above 217.20 → Continuation up Bearish: Rejection at 217.20 → Pullback to 216.420, then 215.00 support Watch this level for the next 100+ pips move.` #GBPJPY #Forex #TechnicalAnalysis #RisingWedge #TradingSetup