GBPJPY Technical Analysis 4th August 2025 1h chart

GBPJPY Technical Analysis 4th August 2025 1h chart
– Monthly candle for July closed small Bullish at 198.990 closing above strong Monthly Resistance. Previous Weekly candle closed strong Bearish back within the range and the Friday Daily candle strong Bearish.

– I’ll be looking for potential Buys above 196.000 targeting previous Daily Support formed on 6th July 2025 around 196.830 Leaving Runners to the previous 4h Support formed at 197.540.


– I’ll be looking for potential Sells below 195.300 targeting Daily Support formed on 18th June 2025 around 194.650 Leaving Runners to the 4h Support formed on 13th June 2025 around 194.000.


– After a Bullish July close, the first day of August kicks off with a sharp pullback — could this be new Monthly grabbing liquidity before the break above ?