GBPJPY Technical Analysis 1st August 2025 1h chart

GBPJPY Technical Analysis 1st August 2025 1h chart
– Wednesday Daily candle closed Bullish at 198.990 rejecting the downside.

– I’ll be looking for potential Buys above 199.350 targeting Strong Key Level at 200.000 Leaving Runners to the next Key Level around 200.500.


– I’ll be looking for potential Sells below 198.750 targeting previous 4h Resistance formed at 198.170 Leaving Runners to the 4h Support formed at 197.560.


– Strong daily close within the ongoing consolidation zone, with a clear rejection of the downside. Will price build momentum for a breakout next?