GBPJPY Technical Analysis 19th May 2025 1h chart

GBPJPY Technical Analysis 19th May 2025 1h chart
– Previous Weekly candle closed Bearish at 193.270 leaving a huge Rejection to the upside. Friday Daily candle closed small Bearish as price overall ranged on the 4h timeframe.

– I’ll be looking for potential Buys above 193.770 targeting 4h Rejection formed at 194.220 Leaving Runners to the 4h Resistance formed at 194.850.


– I’ll be looking for potential Sells below 193.160 targeting 30min Support formed at 192.660 Leaving Runners to the previous 4h Resistance formed at 192.010.


– As price respecting recent Weekly Resistance and forming Rejection to the upside ideally is to wait for strong confirmation during high volume time.