GBPJPY Technical Analysis 17th April 2025 1h chart

GBPJPY Technical Analysis 17th April 2025 1h chart
– Wednesday Daily candle closed Bearish at 187.740 forming Daily Resistance at 189.370.

– I’ll be looking for potential Buys above 188.050 targeting previous 4h Support formed at 188.500 Leaving Runners to the Hourly Resistance formed at 188.900.


– I’ll be looking for potential Sells below 187.370 targeting 30min Support formed at 186.940 Leaving Runners to the Hourly Strong Support formed at 186.550.


– Despite daily resistance forming, price continues to range within the daily timeframe. No clear direction yet — waiting for a breakout or strong confirmation remains key.