GBPJPY Technical Analysis 3rd February 2025 1h chart

GBPJPY Technical Analysis 3rd February 2025 1h chart
– January Monthly candle closed Bearish at 192.250 within Monthly Range, Previous Weekly candle closed Bearish forming Weekly Resistance at 193.830, Friday Daily candle closed Bullish forming Daily Support at 191.500.

– I’ll be looking for potential Buys above 192.800 targeting Hourly Resistance at 193.270 Leaving Runners to the 4h Resistance formed at 193.680.


– I’ll be looking for potential Sells below 192.050 targeting Hourly Support at 191.500 Leaving Runners to the 4h Support formed at 190.950.


– January’s monthly candle closed bearish, yet price remains within the monthly range, respecting the strong 190s key level. Additionally, major weekly support around this level is holding firm. Keep an eye on the charts a potential breakout on the higher timeframes could be on the
horizon