GBPJPY Technical Analysis 17th June 2025 1h chart

GBPJPY Technical Analysis 17th June 2025 1h chart
– Monday Daily candle closed strong Bullish at 196.400 as price break and closed above recent Daily Range.

– I’ll be looking for potential Buys above 196.700 targeting Daily Resistance formed on 6th January 2025 around 197.180, Leaving Runners to the 4h Resistance formed on 8th January 2025 around 197.560.


– I’ll be looking for potential Sells below 196.110 targeting Hourly Support formed around 195.610 Leaving Runners to the Hourly Strong Support formed at 195.110.


– With the Bank of Japan preparing to review interest rates, global markets are on edge. Rising tensions between Iran and Israel may add pressure to the decision-making — will the BoJ stay cautious or shift policy?