Confirmation of bullish on GBPJPY on the H4 timeframe is starting to form quite clearly after the price managed to break through the resistance area at 211.986. That level had previously been the upper boundary that several times held back advances since mid-September. In the last session, the price, which is currently at 212.165, was able to close the candle above that resistance line and remained above a small supply area that has now turned into demand. This breakout becomes an important early signal that buying pressure is beginning to strengthen and sellers who previously dominated that area are starting to lose control. From the market structure side, this breakout also forms a new higher high. After previously the price moved sideways in the range 209.170 to 211.986 since late September, the upward movement that occurred in recent weeks managed to create a peak higher than the previous peak. The formation of this higher high is a concrete validation that the market structure has shifted into an uptrend. As long as the price can hold above 211.986 and does not return into the old range, the bullish bias remains the main scenario to watch. This strengthening is supported by momentum conditions visible on the RSI 14 indicator, which is currently at the level 67.61 and still pointing upward. The RSI position above the 60 level indicates that buyer momentum is still fairly strong and has not shown significant signs of exhaustion. Although the 67 level is already approaching the overbought area, in a strengthening trend, the RSI can remain in a high area for some time. This indicates that buying interest still dominates and any correction that occurs is likely only temporary before the price continues its rise. Considering that structure and momentum, the buy option at the breakout area becomes the most rational trading plan for now. The ideal entry area is around 211.986 to 212.150, which is the retest area of the resistance that was just broken. Stop loss placement can be set below 211.000 to anticipate a false breakout. As for the target, the nearest supply zone around 213.731 to 214.765 becomes a fairly realistic objective, because that area is an upper supply area that has not been tested and has the potential to become the next obstacle for GBPJPY's upward movement.
