GBPJPY Technical Analysis 17th March 2025 1h chart

GBPJPY Technical Analysis 17th March 2025 1h chart
– Previous Weekly candle closed Bullish at 192.190 above recent Weekly Resistance. Friday Daily candle closed Bullish within Daily Consolidation Zone as price continues to range.

– I’ll be looking for potential Buys above 192.330 targeting Daily Resistance formed on 3rd February 2025 around 192.750 Leaving Runners to the Daily Resistance formed on 28th January 2025 around 193.450.


– I’ll be looking for potential Sells below 191.470 targeting Daily Support at 191.300 Leaving Runners to the 30min Support formed at 190.780.


– Price continues to range on the weekly, with the monthly forming a tight consolidation. Strong confirmation is key before executing any major trade, although small targets with controlled risk are a must