GBPJPY Technical Analysis 1st May 2025 1h chart

GBPJPY Technical Analysis 1st May 2025 1h chart
– Monthly candle for April closed Bearish at 190.600 forming a huge Rejection to the downside forming Monthly Resistance at 193.650. Wednesday Daily candle closed Doji Bullish as price continue to range on the 4h timeframe.

– I’ll be looking for potential Buys above 190.670 targeting Hourly Resistance at 191.200 Leaving Runners to 191.730 to fill the previous Weekly High.


– I’ll be looking for potential Sells below 190.060 targeting 4h Support at 189.400 Leaving Runners to the next 4h Support formed at 188.710.


– With the Bank of Japan set to review its benchmark interest rate, all eyes are on the next move. Will this signal a shift in policy or maintain the current stance? Markets await the decision.