GBPJPY Technical Analysis 8th January 2025 1h chart

GBPJPY Technical Analysis 8th January 2025 1h chart
– Tuesday Daily candle closed weak Bearish at 197.050 rejecting Daily Resistance formed on 29th December 2024.

I’ll be looking for potential Buys above 197.220 targeting Hourly Resistance formed around 197.750 Leaving Runners to the 4h Resistance formed at 198.220.

I’ll be looking for potential Sells below 196.850 targeting 4h Support formed at 196.290 Leaving Runners to the 30min Support formed at 195.850.

Daily candle closes weak bearish, rejecting previous Daily resistance. Could this rejection signal the start of bearish moves ahead? Stay prepared for potential shifts!