GBPJPY Technical Analysis 21st January 2026 1h chart

GBPJPY Technical Analysis 21st January 2026 1h chart
– Tuesday closed weak Bullish despite an early London session rally that saw the pair charge toward Daily Resistance formed at 213.400, the momentum failed to stick so by the New York close, price printed a weak bullish candle, leaving an upper wick that confirms a rejection of recent daily resistance.

– I’ll be looking for potential Buys on clean break above 212.780 targeting Daily Resistance formed at 213.400 Leaving Runners to the 4h Resistance formed at 214.080.

– I’ll be looking for potential Sells below 212.010 targeting Hourly Strong Support formed at 211.450 Leaving Runners to the Hourly Support formed at 211.000.

– The daily rejection is clear, but the trend isn’t dead yet. For the next session, the primary focus is for price to hold above 4h major support of 212.000.