GBPJPY Technical Analysis 16th October 2025 1h chart

GBPJPY Technical Analysis 16th October 2025 1h chart
– Wednesday Daily candle closed small Bullish at 202.410 forming weak Daily Support at 202.110.

– I’ll be looking for potential Buys above 202.600 targeting Daily Resistance at 203.000 Leaving Runners to the 4h Strong Resistance formed at 203.500.


– I’ll be looking for potential Sells below 202.110 targeting Hourly Strong Support formed at 201.630 Leaving Runners to the 4h Support formed at 201.270.


– Prices have been fluctuating daily, likely influenced by the morning’s GDP figures for GBP. Could these stats be driving the changes? Stay tuned to see how it unfolds!