GBP/JPY Swing Long: Weekly Support Zone Bounce Setup

**Pair/Symbol:** GBP/JPY GBP/JPY has pulled back to the 192.50–193.50 weekly demand zone — the same zone that launched a 400-pip rally in January. The daily chart is showing a hammer candle forming at the zone bottom — classic bullish reversal signal. **Entry:** 193.40 (day after hammer close confirmation) **Stop Loss:** 191.80 (below the demand zone) **Take Profit 1:** 197.00 (previous swing high) **Take Profit 2:** 200.00 (psychological round number) **Risk/Reward:** 1:2.2 to TP1, 1:4.1 to TP2 Holding period expectation: 3–7 days Main risk: BoJ intervention/rate hike shock would cause GBP/JPY to drop 300+ pips rapidly. Size for this possibility. Are you watching GBP/JPY for this swing setup?