GBPJPY Technical Analysis 2nd May 2025 1h chart

GBPJPY Technical Analysis 2nd May 2025 1h chart
– Thursday Daily candle closed Bullish at 192.900 breaking above recent Daily range almost tapping into recent Weekly Resistance formed at the end of March 2025.

– I’ll be looking for potential Buys above 193.420 targeting Daily Resistance formed on 2nd April 2025 around 194.050 Leaving Runners to the 4h Resistance formed on 2nd April 2025 around 194.800.


– I’ll be looking for potential Sells below 192.550 targeting Hourly Support at 192.050 Leaving Runners to the 30min Support formed at 191.420.


– Strong bullish momentum kicks off May 2025, with price pushing higher as the weekly candle approaches key resistance. Will the momentum carry through or will sellers step in?