GBPJPY Technical Analysis 19th February 2025 1h chart

GBPJPY Technical Analysis 19th February 2025 1h chart
– Tuesday Daily candle closed Bullish at 191.760 forming small Daily Support at 191.240 as price continues to range on the 4h timeframe.

– I’ll be looking for potential Buys above 192.230 targeting 4h Strong Resistance formed at 193.000 Leaving Runners to the 4h Strong Resistance formed on 29th January 2025 around 193.650.

–  I’ll be looking for potential Sells below 191.500 targeting 4h Support formed at 191.020 Leaving Runners to the Daily Rejection formed at 190.600.

– Price remains range-bound, holding below the 192s resistance level. Ideally, waiting for strong confirmation before the next move. Will a breakout or rejection come next? Patience is key!