GBPJPY Technical Analysis 13th May 2025 1h chart

GBPJPY Technical Analysis 13th May 2025 1h chart
– Monday Daily candle closed strong Bullish at 195.580 breaking above recent Weekly Resistance trading within Weekly wicks.

– I’ll be looking for potential Buys above 195.710 targeting previous 4h Support formed on 1st January 2025 around 196.300 Leaving Runners to the previous 4h Support formed on 7th January 2025 around 197.000.


– I’ll be looking for potential Sells below 194.850 targeting previous 30min Resistance formed at 194.230 Leaving Runners to the Hourly Support formed at 193.630.


– High impact news ahead for the Pound Sterling — with the release of Claimant Count Change, Average Earnings Index, and a speech by Bank of England Governor Andrew Bailey. Volatility expected, so it’s key to stay patient and wait for strong confirmations before taking any positions.