GBPJPY Technical Analysis 18th July 2025 1h chart

GBPJPY Technical Analysis 18th July 2025 1h chart
– Thursday Daily candle closed Bullish at 199.180 as price continue to range on the Daily timeframe failing to break the 200 Strong Key Level.

– I’ll be looking for potential Buys above 199.540 targeting Strong Key Level at 200.000 Leaving Runners to the previous 4h Support formed on 23rd July 2024 around 200.650.


– I’ll be looking for potential Sells below 199.020 targeting Hourly Support at 198.670 Leaving Runners to the Strong Daily Support held at 198.200.


– Despite the weekly candle holding a bullish structure, price action on the daily timeframe remains range-bound, struggling to break and close decisively above the key 200 level. Buyers are showing effort — but not yet in full control.