GBPJPY Technical Analysis 19th January 2026 1h chart

GBPJPY Technical Analysis 19th January 2026 1h chart
– Market sentiment took a sharp turn this week as the initial rally was met with a heavy Weekly rejection. What started as a promising move higher has turned into Rejection to the upside as well as the Friday Daily candle closing Bearish.

– I’ll be looking for potential Buys above 211.650 targeting 4h Resistance at 212.200 Leaving Runners to the Hourly Resistance formed at 212.770.


– I’ll be looking for potential Sells below 211.300 targeting 1h previous Resistance formed at 210.900 Leaving Runners to the 4h strong Support formed at 210.480.


– The weekly chart has left a ‘scar’ that won’t be easily ignored. With Friday’s close confirming the bearish sentiment, the focus for the coming sessions remains on the downside.