GBPJPY Technical Analysis 29th January 2025 1h chart

GBPJPY Technical Analysis 29th January 2025 1h chart
– Tuesday Daily candle closed small Bullish at 193.410 as price overall ranged on the 4h timeframe forming weak Daily Support at 193.050.

– I’ll be looking for potential buys above 193.870 targeting 30min Resistance at 194.460 Leaving Runners to the previous 4h Support formed on 3rd January 2025 around 194.920.


– I’ll be looking for potential Sells below 192.950 targeting 4h Strong Support formed at 192.370 Leaving Runners to the 4h previous Resistance formed on 20th January 2025 around 191.730.


– Bank of England Governor Andrew Bailey is set to testify on the Financial Stability Report before the Treasury Select Committee in London. This critical event could provide insights into the central bank’s stance on economic stability and future monetary policy. Will his remarks spark volatility in the markets? Stay tuned.