GBPJPY Technical Analysis 3rd March 2025 1h chart

GBPJPY Technical Analysis 3rd March 2025 1h chart
– February Monthly candle closed weak Bearish at 189.410 slightly below Monthly Range. Previous Weekly candle closed Bullish forming weak Weekly Support at 188.410 and the Friday closed Bullish within Daily Range leaving Rejection to Both Upside and the Downside.

– I’ll be looking for potential Buys above 189.900 targeting Hourly Resistance at 190.720 Leaving Runners to the previous Daily Support formed on 17th February 2025 around 191.220.


– I’ll be looking for potential Sells below 188.840 targeting Hourly Support at 188.230 Leaving Runners to the Daily Rejection formed at 187.670.


– Price has been ranging on the weekly and daily timeframes, showing indecision. Strong confirmation is needed before the next major move. Will March bring more momentum?