GBPJPY Technical Analysis 2nd July 2025 1h chart

GBPJPY Technical Analysis 2nd July 2025 1h chart
– Tuesday Daily candle closed Bearish at 197.030 breaking below Daily Support formed on Tuesday last week.

– I’ll be looking for potential Buys above 197.520 targeting 4h Rejection formed at 198.020 Leaving Runners to the Daily Rejection formed at 198.460.


– I’ll be looking for potential Sells below 196.600 targeting 4h Support formed at 196.020 Leaving Runners to the Hourly Support formed at 195.360.


– Strong bearish daily close as the weekly begins to retrace. Is this a healthy pullback — or the start of a deeper reversal?