GBPJPY Technical Analysis 5th August 2025 1h chart

GBPJPY Technical Analysis 5th August 2025 1h chart
– Monday Daily candle closed weak Bearish at 195.350 as price forms a minor range on the 4h timeframe.

– I’ll be looking for potential Buys above 195.720 targeting 4h Resistance at 196.360 Leaving Runners to the previous Daily Support formed on 6th July 2025 around 197.000.


– I’ll be looking for potential Sells below 195.000 targeting 4h Support formed on 19th June 2025 around 194.350 Leaving Runners to the Daily Rejection formed on 12th June 2025 around 193.720.


– The daily candle closed weak on the bearish side, signalling potential downside pressure — but without strong follow-through, it remains uncertain whether sellers are truly in control.