GBPJPY Technical Analysis 18th March 2025 1h chart

GBPJPY Technical Analysis 18th March 2025 1h chart
– Monday Daily candle closed strong Bullish at 193.830 breaking above Daily Consolidation Zone for first time in almost 2 months.

– I’ll be looking for potential Buys above 193.970 targeting 30min Resistance formed on 27th January 2025 around 194.470 Leaving Runners to the previous 4h Support formed on 3rd January 2025 around 194.920.


– I’ll be looking for potential Sells below 193.530 targeting 4h previous Resistance formed around 192.530 Leaving Runners to the Hourly Support formed at 191.980.


– Price finally breaks out of a daily range that held for nearly 2 months, opening the door for a potential retest of the monthly resistance around 197.500. Eyes on the next move.