GBP/JPY Bullish Reversal After Trendline BreakoutGBP/JPYOANDA:GBPJPYTrade_ActionBullish Reversal Setup After Descending Trendline Break GBP/JPY is attempting to reverse its recent downtrend after finding strong support around the 210.00 demand zone. The pair has been trading beneath a descending trendline, but price is now testing this dynamic resistance, suggesting that buyers are trying to regain control. Market Structure The previous bearish trend created a series of lower highs and lower lows. Price found solid support near 210.00, where buyers stepped in aggressively. The pair is now consolidating beneath the descending trendline, forming a potential breakout structure. The Ichimoku Cloud remains overhead, making 213.60–214.00 the first major resistance area. Bullish Scenario A confirmed breakout and close above the descending trendline would signal a shift in short-term momentum. Potential upside targets: Target 1: 212.60–213.00 Target 2: 213.80–214.00 (major resistance) Target 3: 216.00–216.80 Bearish Scenario If price fails to break the trendline and is rejected, sellers could regain control. Downside targets: 210.50 210.00 Below 210.00 would expose 209.20. Trading Plan Bias: Bullish (only after confirmed trendline breakout) Entry: On a 45-minute candle close above the descending trendline. Stop Loss: Below 210.00 or below the latest swing low. Take Profit 1: 213.00 Take Profit 2: 214.00 Take Profit 3: 216.00 Conclusion GBP/JPY is approaching a critical technical point where the descending trendline meets recovering bullish momentum. A confirmed breakout above the trendline would increase the probability of a rally toward 214.00 and potentially 216.00. Until then, the pair remains in a recovery phase, and traders should wait for breakout confirmation before committing to long positions.