GBPJPY Technical Analysis 16th January 2024 1h chart

GBPJPY Technical Analysis 16th January 2025 1h chart
– Wednesday Daily candle closed strong Bearish at 191.370 below weak Daily Support formed on Tuesday, forming Daily Resistance formed at 192.880.

– I’ll be looking for potential Buys above 191.700 targeting 4h Resistance at 192.330 Leaving Runners the Daily Resistance formed at 192.880.


– I’ll be looking for potential Sells below 191.060 targeting Weekly Support formed at 190.370 Leaving Runners to the 4h previous Resistance formed on 3rd December 2024 around 189.920.


– Wednesday’s daily candle closed bearish, forming resistance and setting up another opportunity for price to retest the weekly support. The big question: will the level hold and reject, or will price break through?