GBPJPY Technical Analysis 1st July 2025 1h chart

GBPJPY Technical Analysis 1st July 2025 1h chart
– Monthly candle closed Bullish within Monthly Resistance held in December 2024, Monday Daily candle closed Doji Bearish at 197.620 as price continue to form a bigger range on the 4h timeframe.

– I’ll be looking for potential Buys above 197.950 targeting Hourly Resistance at 198.400 Leaving Runners to the Daily Rejection formed at 198.820.


– I’ll be looking for potential Sells below 157.320 targeting previous 4h Resistance formed at 196.800 Leaving Runners to the Hourly Strong Support formed at 196.300.


– Monthly candle closed bullish, but price remains trapped within the broader consolidation zone. Is this building pressure for a breakout — or another false push?