GBPJPY Technical Analysis 4th March 2025 1h chart

GBPJPY Technical Analysis 4th March 2025 1h chart
– Monday Daily candle candle closed weak Bullish at 189.870 leaving a huge Rejection wick on the Daily around 191.980.

– I’ll be looking for potential Buys above 190.200 targeting Hourly Resistance at 190.970 Leaving Runners to the next Hourly Resistance around 191.450.


– I’ll be looking for potential Sells below 189.460 targeting strong Daily Support at 188.760 Leaving Runners to the 4h Support formed at 188.030.


– First day of the month retested recent weekly resistance, rejected, and dropped back into the daily range. Will price continue ranging or break out with new monthly volume?