GBP/JPY is currently respecting an ascending channel structure on the 2H timeframe, showing higher lows and sustained bullish recovery after the recent correction phase.

Price has rebounded from dynamic support (channel base + MA confluence) and is now testing the horizontal resistance at 210.730, which aligns with prior internal supply.

Technical confluences:

Ascending channel structure intact

Higher low formation confirmed

Price holding above dynamic moving average support

Momentum stabilizing after pullback

Structure shifting from correction → continuation

A clean 2H close above 210.730 would confirm bullish continuation and open upside expansion toward:

TP1 → 211.750 (prior internal resistance)

TP2 → 212.650 (upper channel resistance zone)

Alternatively, if breakout fails, rebound entries remain valid from channel support as long as higher low structure is maintained.