GBPJPY Technical Analysis 5th February 2025 1h chart

GBPJPY Technical Analysis 5th February 2025 1h chart
– Tuesday Daily candle closed weak Bearish at 192.720 forming weak Daily Resistance at 192.660.

– I’ll be looking for potential Buys above 193.050 targeting Daily Resistance at 193.500 Leaving Runners to the 4h Resistance formed at 194.260.


– I’ll be looking for potential Sells below 192.350 targeting Hourly Support at 191.670 Leaving Runners to the 4h previous Resistance formed at 191.310.


– Price continues to range on the higher timeframe, limiting big moves. For now, we’re focusing on smaller targets until a clear breakout occurs.