GBPJPY Technical Analysis 20th March 2025 1h chart

GBPJPY Technical Analysis 20th March 2025 1h chart
– Wednesday Daily candle closed Bearish at 193.320 forming Daily Resistance at 194.100 as price reject the upside.

– I’ll be looking for potential Buys above 193.630 targeting Daily Resistance formed at 194.100 Leaving Runners to the 4h Resistance formed at 194.680.


– I’ll be looking for potential Sells below 192.900 targeting Previous Daily Resistance formed around 192.190 Leaving Runners to the 30min Support formed at 191.520.


– Daily resistance is now confirmed, and price on the weekly is retracing back into the previous consolidation zone. Will the Weekly close with Rejection again ?