GBPJPY Technical Analysis 6th August 2025 1h chart

GBPJPY Technical Analysis 6th August 2025 1h chart
– Tuesday Daily candle closed Bullish at 196.240 forming Daily Support around 195.320 as price forming a range on the 4h timeframe.

– I’ll be looking for potential Buys above 196.470 targeting previous Weekly Support formed at 197.000 Leaving Runners to the previous 4h Support formed at 197.550.


– I’ll be looking for potential Sells below 195.950 targeting Daily Support formed at 195.360 Leaving Runners to the previous 4h Support formed on 18th June 2025 around 194.900.


– A key daily support level has just formed — the market’s showing signs of stability