GBPJPY Technical Analysis 21st July 2025 1h chart

GBPJPY Technical Analysis 21st July 2025 1h chart
– Previous Weekly candle close weak Bullish at 199.540 failing to push and close above the 200.00 Strong Key Level. Friday Daily candle closed weak Bullish within recent Daily Range.

– I’ll be looking for potential Buys above 199.870 targeting previous 4h Support formed on 18th June 2024 around 200.200 Leaving Runners to the previous 4h Support formed on 23rd July 2024 around 200.650.


– I’ll be looking for potential Sells below 199.430 targeting Hourly Strong Support formed at 199.080 Leaving Runners to the 4h Support formed at 198.720.


– Both daily and weekly timeframes remain in a tight consolidation zone below the key 200 level. Compression building — breakout or breakdown next?