GBP/JPY: Pinpointing a High Probability Long as Bullish Momentum Persists

Current Market Posture and Technical Readout

The GBP/JPY pair continues to exhibit strong bullish momentum, currently trading around 189.95, reflecting a significant 0.45% gain over the last 24 hours. My analysis confirms the established bullish trend, which has seen price push towards the upper end of its recent range. The daily range from 188.67 to 191.23 highlights active trading, but the overall market structure remains supportive of further upside.
For a swing long setup, I am targeting an entry at 189.5. This level allows for a slight pullback from the current price, presenting what I consider a high probability zone for entry. This zone is strategically positioned above the immediate psychological support and well clear of the