GBPJPY Technical Analysis 23rd May 2025 1h chart

GBPJPY Technical Analysis 23rd May 2025 1h chart
– Thursday Daily candle closed Bullish at 193.230 forming Daily Support at 192.660 as price trade back into the Daily Consolidation Zone.

– I’ll be looking for potential Buys above 193.640 targeting Daily Rejection formed this Tuesday around 194.220 Leaving Runners to the 4h Resistance formed at 194.850.


– I’ll be looking for potential Sells below 192.820 targeting Hourly Support at 192.350 Leaving Runners to the Daily Rejection formed at 191.890.


– Price is back within the consolidation zone on the daily timeframe. The range holds for now — will we see a breakout, or more sideways action? All eyes on how the current Weekly candle close.