GBPJPY Technical Analysis 14th May 2025 1h chart

GBPJPY Technical Analysis 14th May 2025 1h chart
– Tuesday Daily candle closed small Bullish at 196.200 as Bullish momentum starting to decrease.

– I’ll be looking for potential Buys above 196.400 targeting previous 1h Support formed on 8th January 2025 around 196.850 Leaving Runners to the 4h Resistance formed at 197.500.


– I’ll be looking for potential Sells below 196.000 targeting Hourly Support formed at 195.590 Leaving Runners to the previous Hourly Support formed at 195.270.


– Bullish momentum appears to be slowing down as price action begins to consolidate. Is this just a pause before continuation, or are we seeing early signs of a potential reversal? Patience and confirmation will be key in the coming sessions.