GBPJPY Technical Analysis 17th February 2025 1h chart

GBPJPY Technical Analysis 17th February 2025 1h chart
– Previous Weekly candle closed strong Bullish at 191.670 forming Weekly Support at 187.130. Friday Daily candle closed weak Bearish as price ranged overall within the No Trade Zone identified on Thursday Night.

– I’ll be looking for potential Buys above 192.330 targeting Hourly Resistance at 192.990 Leaving Runners to the Daily Resistance formed at 193.470.


– I’ll be looking for potential Sells Below 191.450 targeting Hourly strong Support formed at 191.000 Leaving Runners to the previous Hourly Resistance formed on 6th February 2025 around 190.500.


– As analysed, price remained range-bound within the identified no-trade zone on Friday. With no breakout yet, buy and sell targets remain the same, waiting for a clear move! Patience is key!