GBPJPY Technical Analysis 12th March 2025 1h chart

GBPJPY Technical Analysis 12th March 2025 1h chart
– Tuesday Daily candle closed Bullish at 191.260 forming new Daily Support at 189.510 as price correct the Bearish move from Monday.

– I’ll be looking for potential Buys above 191.670 targeting 4h Resistance formed at 192.270 Leaving Runners to the next 4h Resistance formed at 192.670.


– I’ll be looking for potential Sells below 191.050 targeting 4h Support formed at 190.550 Leaving Runners to the previous 4h Resistance formed at 190.140.


– Weekly chart shows a significant rejection wick to the downside, respecting the recent Weekly Support. Now, price is trending bullish and could soon break above the recent Weekly Resistance. Eyes on the breakout!