GBPJPY Technical Analysis 6th February 2025 1h chart

GBPJPY Technical Analysis 6th February 2025 1h chart
– Wednesday Daily candle closed Bearish at 190.810 respecting recent Daily Resistance.

– I’ll be looking for potential Buys above 191.080 targeting Hourly Resistance at 191.650 Leaving Runners to the 30min Resistance formed at 192.400.


– I’ll be looking for potential Sells below 190.430 targeting Daily Support formed at 189.760 Leaving Runners to the Daily Support formed on 2nd December 2024 around 189.140.


– The Bank of England is set to review the bank rate today, a key event that could spark major volatility for the pound sterling. Will the decision drive GBP higher or trigger a sharp pullback? Stay tuned and be prepared for market-moving reactions!