GBPJPY Technical Analysis 6th May 2025 1h chart

GBPJPY Technical Analysis 6th May 2025 1h chart
– Monday Daily candle closed Bearish at 190.990 retesting the previous Daily Range.

– I’ll be looking for potential Buys above 191.480 targeting 4h Resistance at 192.000 Leaving Runners to the 30min Resistance formed at 192.600.


– I’ll be looking for potential Sells below 190.460 targeting previous 4h Resistance formed on 24th April 2025 around 189.700 Leaving Runners to the 4h Support formed at 189.300.


– Monday closed bearish with low volume, likely due to the bank holiday, as price retraced back into the previous daily range.