GBPJPY Technical Analysis 27th January 2025 1h chart

GBPJPY Technical Analysis 27th January 2025 1h chart 1
– Previous Weekly candle closed strong Bullish at 194.650 forming strong Daily Support formed at 190.050, Friday Daily candle closed strong Bullish breaking above recent Daily Resistance.

– I’ll be looking for potential Buys above 194.900 targeting 4h Resistance formed at 195.550 Leaving Runners to the 4h Rejection area formed on 8th January 2024 around 196.030.


– I’ll be looking for potential Sells below 194.060 targeting 1h Resistance formed at 193.390 Leaving Runners to the 4h Support formed at 192.620.


– Last week’s candle formed strong support, increasing the probability of a retest at the Weekly Resistance. Will the momentum continue, or will price stall before testing higher levels?