GBPJPY Technical Analysis 24th January 2025 1h chart

GBPJPY Technical Analysis 24th January 2025 1h chart
– Thursday Daily candle closed Doji Bullish at 192.730 as price overall ranged exactly within the No Trade Zone identified on the previous Analysis, Therefore targets for both Buys and Sells remains the same as yesterday.

– 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.
Big moves could be ahead for the Japanese Yen with the Bank Rate Review Decision on the horizon. Additionally, keep an eye on the Pound Sterling as the Flash Manufacturing PMI and Flash Services PMI are set to release.