GBPJPY Technical Analysis 4th April 2025 1h chart

GBPJPY Technical Analysis 4th April 2025 1h chart
– Thursday Daily candle closed strong Bearish at 191.270 breaking below recent Daily Support formed on Wednesday, forming Daily Resistance at 194.060.

-I’ll be looking for potential Buys above 191.950 targeting previous 4h Support formed at 192.650 Leaving Runners to the Hourly Resistance formed at 193.460.


– I’ll be looking for potential Sells below 191.000 targeting 4h Support formed on 11th March 2025 around 190.480 Leaving Runners to the previous Hourly Resistance formed also on 11th March 2025 around 189.860.


– The first week of Q2 2025 kicks off with a strong bearish weekly candle, leaving a rejection wick to the upside. Is this the start of a deeper pullback or just a temporary retracement?