GBPJPY Technical Analysis 22nd January 2025 1h chart

GBPJPY Technical Analysis 22nd January 2025 1h chart
– Tuesday Daily candle closed small Bullish at 192.020 leaving 120 pip Rejection wick to the downside.

– I’ll be looking for potential Buys above 192.110 targeting Daily Resistance at 192.850 Leaving Runners to the previous 4h Rejection formed on 9th January 2025 around 193.470.


– I’ll be looking for potential Sells below 191.670 targeting previous 4h Support formed at 191.370 Leaving Runners to the next 4h Support formed at 190.930.


– The daily candle closed weak bullish, showing a significant rejection to the downside. With this rejection in play, the big question is: will the weekly chart form solid support, or are we in for more uncertainty? Watch key levels and prepare for potential setups!