GBPJPY Technical Analysis 17th January 2025 1h chart

GBPJPY Technical Analysis 17th January 2025 1h chart
– Thursday Daily candle closed strong Bearish at 189.790 retesting Weekly Support exactly as anticipated throughout the week.

I’ll be looking for potential Buys above 190.440 targeting Hourly Resistance at 190.940 Leaving Runners to the 4h Resistance formed at 191.440.

– I’ll be looking for potential Sells below 189.660 targeting previous 4h Support formed on 2nd December 2024 around 189.060 Leaving Runners to the 4h Support formed on 3rd December 2024 around 188.560.


– Current weekly candle is trading below major weekly support from September 2024. If it closes bearish, there’s a high probability of price continuing downward, retesting the lowest weekly support of 2024. Key levels in focus for the next move!