GBPJPY Technical Analysis 20th February 2025 1h chart

GBPJPY Technical Analysis 20th February 2025 1h chart 1
– Wednesday Daily candle closed Bearish at 190.620 forming Daily Resistance at 191.800 breaking away from the 4h consolidation zone.

– I’ll be looking for potential Buys above 190.830 targeting previous Daily Support formed at 191.250 Leaving Runners to the Daily Resistance formed at 191.800.


– I’ll be looking for potential Sells below 190.270 targeting previous Hourly Resistance formed at 189.850 Leaving Runners to the 30min Support formed at 189.380.


– Daily candle closed bearish below the recent 4H consolidation zone, with the weekly timeframe flipping bearish. Eyes on potential weekly resistance formation, will the downtrend continue? Key levels to watch!