GBPJPY Technical Analysis 26th January 2026 1h chart

GBPJPY Technical Analysis 26th January 2026 1h chart
– The weekly candle closed Bullish at 212.420 with a clear rejection to the upside. While we ended the week in the green, that long upper wick suggests the bulls are losing steam at these levels. Friday closes Bearish forming Daily Resistance at 213.710.

– I’ll be looking for potential Buys above 212.830 targeting previous Hourly Support at 213.500 Leaving Runners to the 4h Resistance at 214.180.


– I’ll be looking for potential Sells below 212.080 targeting 4h Rejection at 211.570 Leaving Runners to the Hourly Support at 211.000.


– As of late January 2026, the pair has been hovering near the 214.00 level, but that long upper wick suggests the Japanese Yen is finally showing some strength after the Bank of Japan (BoJ) held rates at 0.75% last Friday.