GBPJPY Technical Analysis 7th July 2025 1h chart

GBPJPY Technical Analysis 7th July 2025 1h chart
– Previous Weekly candle closed Bearish at 197.070 forming Weekly Resistance at 197.720. Friday Daily candle closed Bearish forming Daily Resistance at 197.870.

– I’ll be looking for potential Buys above 197.430 targeting Daily Resistance formed at 197.870 Leaving Runners to the 4h strong Resistance formed at 198.480.


– I’ll be looking for potential Sells below 196.900 targeting Hourly Support formed at 196.400 Leaving Runners to the Daily Support formed at 195.740.


– With both weekly and daily resistance levels now clearly established, price continues to range in a tight zone. A breakout or breakdown could set the tone for the next move. Will momentum build or fade?