GBPJPY Technical Analysis 8th August 2025 1h chart

GBPJPY Technical Analysis 8th August 2025 1h chart
– Thursday Daily candle closed strong Bullish at 187.720 retesting the previous Daily Range.

– I’ll be looking for potential Buys above 198.050 targeting previous 1h Support formed at 198.650 Leaving Runners to the 4h Resistance formed at 199.250.


– I’ll be looking for potential Sells below 197.430 targeting 15min Support formed at 196.970 Leaving Runners to the Hourly Support formed at 196.340.


– Thursday continued the bullish momentum, with price retracing back into the weekly range. Is this a setup for continuation ?