GBPJPY Technical Analysis 29th May 2025 1h chart

GBPJPY Technical Analysis 29th May 2025 1h chart
– Wednesday Daily candle closed Doji Bullish at 194.960 as price overall ranged on the 4h timeframe.

– I’ll be looking for potential Buys above 195.330 targeting Hourly Resistance formed at 195.920 Leaving Runners to the Weekly Rejection formed at 196.430.


– I’ll be looking for potential Sells below 194.480 targeting previous Hourly Resistance formed at 193.880 Leaving Runners to 4h Support formed at 193.240.


– Overall, price has continued to range, mostly trading within the No Trade Zone outlined in the previous analysis. With no significant breakout, the targets for both buys and sells remain unchanged. Waiting for a clear move before taking action.