GBPJPY Technical Analysis 7th April 2025 1h chart

GBPJPY Technical Analysis 7th April 2025 1h chart
– Previous Weekly candle closed strong Bearish at 189.480 forming Weekly Resistance at 193.670. Friday Daily candle closed Bearish leaving a Rejection wick at 187.550.

– I’ll be looking for potential Buys above 189.990 targeting Hourly Resistance at 191.050 Leaving Runners to the Hourly Strong Resistance formed at 191.750.


– I’ll be looking for potential Sells below 189.010 targeting Hourly Support at 188.270 Leaving Runners to the Daily Rejection formed at 187.530.


– Strong weekly resistance has formed, but price remains stuck in a broader range on the Weekly timeframe. Will we see a breakout soon, or more sideways movement ahead?