GBPJPY  Technical Analysis 10th July 2025 1h chart

GBPJPY Technical Analysis 10th July 2025 1h chart
– Wednesday Daily candle closed small Bearish at 198.740 forming Daily Resistance at 199.050 rejecting the 200 level.

– I’ll be looking for potential Buys above 199.050 targeting 4h Rejection Level around 199.480 Leaving Runners to the Strong Key Level around 200s.


– I’ll be looking for potential Sells below 198.450 targeting 4h previous Resistance formed at 198.000 Leaving Runners to the 4h Support formed at 197.370.


– Price approached the key 200 level on the daily chart but failed to hold above, closing back below and forming fresh daily resistance. Is this a sign of exhaustion — or just a setup for the next breakout?