GBPJPY Technical Analysis 18th April 2025 1h chart

GBPJPY Technical Analysis 18th April 2025 1h chart 1
– Thursday Daily candle closed Bullish at 188.800 forming Daily Support at 187.660 as price continue to range on the Daily timeframe.

– I’ll be looking for potential Buys above 189.170 targeting Hourly Resistance at 189.520 Leaving Runners to the next Hourly Resistance formed on 4th April 2025 around 190.000.


– I’ll be looking for potential Sells below 188.570 targeting Hourly Support at 188.130 Leaving Runners to the 4h Support formed at 187.660.


– Good Friday Bank Holiday in the UK — with banks closed, expect lower volume across the markets. In conditions like this, it’s best to aim for smaller targets and manage risk accordingly.