GBPJPY Technical Analysis 7th January 2025 1h chart

GBPJPY Technical Analysis 7th January 2025 1h chart
– Monday Daily candle closed strong Bullish at 197.150 with a Strong Bullish momentum.

I’ll be looking for potential Buys above 197.400 targeting previous Hourly Support formed on 29th December 2024 around 198.000 Leaving Runners to the 4h Resistance formed at 198.600.

I’ll be looking for potential Sells below 196.930 targeting 4h Support at 196.300 Leaving Runners to the 30min Support formed at 195.860.

With the Daily candle closing strong bullish, there’s a solid probability for bullish momentum to continue, potentially reaching 198.500 and tapping into Weekly Resistance.