GBPJPY Technical Analysis 17th July 2025 1h chart

GBPJPY Technical Analysis 17th July 2025 1h chart
– Wednesday Daily candle closed Bearish at 198.300 forming Daily Resistance at 199.150 as price continue to range on the Daily timeframe.

– I’ll be looking for potential Buys above 198.560 targeting previous 4h Support at 199.110 Leaving Runners to the Daily Rejection formed at 199.760.


– I’ll be looking for potential Sells below 197.860 targeting 4h Support at 197.300 Leaving Runners to the 30min Support formed at 196.780.


– Price attempted a break above the key 200 level but failed to hold, retracing and closing the session bearish. This rejection could signal short-term weakness — will sellers take over from here?