GBPJPY Technical Analysis 13th January 2025 1h chart

GBPJPY Technical Analysis 13th January 2025 1h chart
– Previously Weekly candle closed strong Bearish at 192.360 rejecting Weekly Resistance formed at the beginning of January. Friday Daily candle closed strong Bearish as well.

I’ll be looking for potential Buys above 192.850 targeting 15min Resistance around 193.440 Leaving Runners to the previous Hourly Support formed at 193.930.

I’ll be looking for potential Sells below 192.040 targeting previous Daily Resistance formed on 5th December 2024 around 191.390 Leaving Runners to the 4h Support formed at 190.750.

Weekly close shows strong bearish momentum, setting up for a potential retest of the weekly support formed in early December. Key levels to watch for reaction, will buyers step in, or will the bearish trend continue?