GBPJPY Technical Analysis 4th July 2025 1h chart

GBPJPY Technical Analysis 4th July 2025 1h chart
– Thursday Daily candle closed strong Bullish almost retesting recent Daily Resistance formed last week, forming Daily Support at 195.700.

– I’ll be looking for potential Buys above 198.130 targeting Daily Rejection at 198.780 Leaving Runners to the Monthly Rejection formed in November last year (2024) around 199.620.


– I’ll be looking for potential Sells below 197.340 targeting 30min previous Resistance formed at 196.690 Leaving Runners to the 30min Support formed at 196.230.


– As the weekly candle approaches its close, price has retraced back to the weekly open — signaling potential indecision in the market. Will we see a strong finish or signs of further weakness next week?