GBPJPY  Technical Analysis 11th August 2025 1h chart

GBPJPY Technical Analysis 11th August 2025 1h chart
– Previous Weekly candle closed strong Bullish at 198.630 forming strong Weekly Support formed at 195.550 as price retrace back into the Daily Range. Friday Daily candle closed Bullish as well.

– I’ll be looking for potential Buys above 198.830 targeting 4h Resistance formed at 199.360 Leaving Runners to the Hourly Resistance formed at 199.890.


– I’ll be looking for potential Sells below 198.270 targeting 4h Support formed at 197.700 Leaving Runners to the previous 4h Resistance formed at 197.100.


– We’re seeing a huge retracement on the monthly candle, while the weekly chart is forming strong support. will this support hold for a bullish push?