GBPJPY Technical Analysis 16th April 2025 1h chart

GBPJPY Technical Analysis 16th April 2025 1h chart
– Tuesday Daily candle closed small Bullish at 189.290 as price continue to range on the Daily timeframe.

– I’ll be looking for potential Buys above 189.500 targeting Hourly Resistance at 190.000 Leaving Runners to the Hourly previous Support formed at 190.470.


– I’ll be looking for potential Sells below 188.920 targeting 4h Support formed at 188.500 Leaving Runners to the 4h Rejection level formed at 188.140.


– Price continues to range on the daily timeframe, showing no clear direction. Ideally, it’s best to wait for strong confirmation before entering any trades. Patience pays.