GBPJPY Technical Analysis 5th January 2026 1h chart

GBPJPY Technical Analysis 5th January 2026 1h chart
– The monthly candle for December 2025 closed with strong bullish momentum, significantly gaining from approximately 206.380 to finish near 211.030. Despite this long-term strength, price action has transitioned into a consolidation phase, with both the last weekly and daily candles ranging within the 4h timeframe as the new year begins.

– I’ll be looking for potential Buys on a clean break above 211.400 targeting Potential Key Levels at 212.000 and 212.500.


– I’ll be looking for potential Sells below 210.880 targeting 4h recent Support at 210.450 Leaving Runners to the 4h Rejection formed the last week of December 2025 around 210.000.


– As the year comes to a start, price is currently deciding whether to gather momentum for a final continuation of the December trend or remain confined within this existing range. Patience is key for a breakout.