We investigate allowed regions in observable space of B --> pi K, B_d --> pi^+pi^- and B_s --> K^+K^- decays, characterizing these modes in the Standard Model. After a discussion of a new kind of contour plots for the $B\to\pi K$ system, we focus on the mixing- induced and direct CP asymmetries of the decays B_d --> pi^+pi^- and B_s--> K^+K^-. Using experimental information on the CP-averaged B_d --> pi^{+/-}K^{+/-} and B_d --> pi^+pi^- branching ratios, the relevant hadronic penguin parameters can be constrained,implying certain allowed regions in observable space. In the case of B_d --> pi^+pi^-, an interesting situation arises now in view of the recent B-factory measurements of CP violation in this channel, allowing us to obtain new constraints on the CKM angle gamma as a function of the B^0_d--\bar{B^0_d} mixing phase phi_d=2beta, which is fixed through A_{CP}^{mix}(B_d --> J/psi K_S) up to a twofold ambiguity. If we assume that A_{CP}^{mix}(B_d --> pi^+pi^-) is positive, as indicated by recent Belle data, and that phi_d is in agreement with the ``indirect'' fits of the unitarity triangle, also the corresponding values for gamma around 60 degrees can be accommodated. On the other hand, for the second solution of phi_d, we obtain a gap around gamma ~ 60 degrees. The allowed region in the space of A_{CP}^{mix}(B_s --> K^+K^-) and A_{CP}^{dir}(B_s --> K^+K^-) is very constrained in the Standard Model, thereby providing a narrow target range for run II of the Tevatron and the experiments of the LHC era.
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