GBPJPY Technical Analysis 23rd January 2025 1h chart

GBPJPY Technical Analysis 23rd January 2025 1h chart
– Wednesday Daily candle closed Bullish at 192.630 tried breaking above recent Daily Resistance but failed.

– I’ll be looking for potential Buys above 192.980 targeting 4h Rejection formed on 9th January 2025 around 193.480 Leaving Runners to the 4h previous Support formed on 9th January 2024 around 193.890.


– I’ll be looking for potential Sells below 192.410 targeting 30min Strong Support formed around 191.980 Leaving Runners to the 4h Rejection formed at 191.680.


– The daily attempted to break above recent resistance but failed, closing back within the range. Is this a sign of weakness, or just a temporary pause before another breakout attempt?