GBPJPY Technical Analysis 21st February 2025 1h chart

GBPJPY Technical Analysis 21st February 2025 1h chart
– Thursday Daily candle closed Bearish at 189.530 as weekly candle continues to form the potential Weekly Resistance.

– I’ll be looking for potential Buys above 189.800 targeting previous Hourly Support formed at 190.530 Leaving Runners to the Hourly Resistance formed at 191.200.


– I’ll be looking for potential Sells below 188.900 targeting previous Hourly Support formed on 10th February 2025 around 188.300 Leaving Runners to the 30min Support formed at 187.820.


– Selling pressure continues as the probability of weekly resistance forming increases. Will sellers maintain control, or is a reversal on the horizon?