GBPJPY Technical Analysis 16th July 2025 1h chart

GBPJPY Technical Analysis 16th July 2025 1h chart
– Tuesday Daily candle closed strong Bullish at 199.150 closing above recent Daily Resistance forming new Daily Support at 198.270.

– I’ll be looking for potential Buys above 199.450 targeting previous Weekly High for a wick fill around 199.850 Leaving Runners to the previous Weekly Resistance formed on 2nd June 2024 around 200.350.


– I’ll be looking for potential Sells below 199.030 targeting Hourly Support at 198.570 Leaving Runners to the 4h Support formed at 198.270.


– Daily just broke out of the range and heading straight for that 200 key level . Bulls in control for now — but can they hold up?