GBPJPY Technical Analysis 23rd October 2025 1h chart

GBPJPY Technical Analysis 23rd October 2025 1h chart
– Wednesday Daily candle closed weak Bearish at 202.900 forming Weak Daily Resistance at 203.040 as price consolidate on the Daily timeframe.

– I’ll be looking for potential Buys above 203.040 targeting 4h Resistance at 203.520 Leaving Runners to the previous 4h Support formed at 204.030.


– I’ll be looking for potential Sells below 202.520 targeting 4h Support formed at 202.020 Leaving Runners to the previous 4h Support formed on 14th October 2025 around 201.620.


– Daily price has moved back into the range, printing side-by-side candles and showing clear indecision. Momentum is fading, and the market seems to be waiting for a catalyst. Will we see a breakout soon, or more consolidation ahead?