GBPJPY Technical Analysis 7th August 2025 1h chart

GBPJPY Technical Analysis 7th August 2025 1h chart
– Wednesday Daily candle closed small Bullish at 196.770 as price continue to range.

– I’ll be looking for potential Buys above 197.070 targeting previous Daily Support at 197.770 Leaving Runners to the previous 4h Resistance formed on 29th July 2025 around 198.420.


– I’ll be looking for potential Sells below 196.500 targeting 4h Support at 196.100 Leaving Runners to the Hourly Support formed around 195.620.


– Daily candle closed weak bullish, showing limited strength as price continues to range in a narrow upward channel.