GBPJPY Technical Analysis 10th February 2025 1h chart

GBPJPY Technical Analysis 10th February 2025 1h chart
– Previous Weekly candle closed strong Bearish at 187.640 breaking below major Weekly Support, Friday Daily candle closed Weak Bearish as well.

– I’ll be looking for potential Buys above 188.110 targeting 15min Resistance formed at 188.670 Leaving Runners to the 4h Resistance formed at 189.190.


– I’ll be looking for potential Sells below 187.430 targeting Hourly Support formed on 18th September 2024 around 186.950 Leaving Runners to the Previous Daily Support formed on 12th September 2024 around 186.150.


– The key support level, holding strong since September 2024, has now been broken. With this major shift in structure, will we see further downside continuation, or is a retest on the horizon?