GBPJPY Technical Analysis 30th January 2025 1h chart

GBPJPY Technical Analysis 30th January 2025 1h chart
– Wednesday Daily candle closed Bearish at 193.160 closing within Daily Range as price continues to consolidate.

– I’ll be looking for potential Buys above 193.350 targeting 4h Strong Resistance at 193.760 Leaving Runners to the Hourly Resistance formed at 194.250.


– I’ll be looking for potential Sells below 192.850 targeting 4h Strong Support formed at 192.440 Leaving Runners to the 4h Rejection formed on 22nd January 2025 around 191.700.


– The market remains in a tight range, making it ideal to wait for clearer confirmation before taking action. Expect increased volume and potential moves once the new monthly candle opens!