GBPJPY Technical Analysis 10th January 2025 1h chart

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 GBPJPY Technical Analysis 10th January 2025 1h chart

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- Thursday Daily candle closed Bearish at 194.590 closing below recent Daily Support held at the beginning of the month.

- I'll be looking for potential Buys above 194.910 targeting 4h Resistance formed at 195.590 Leaving Runners to the 4h previous recent Support formed at 196.270.

- I'll be looking for potential Sells below 193.920 targeting Daily Support formed on 12th December 2024 around 193.260 Leaving Runners to the 4h Support formed on 10th December 2024 around 192.490.

- The week started strong with bullish momentum, tapping into recent Weekly resistance. However, the Weekly candle is now forming a rejection and trading weak bearish. How will the Weekly close, will bears take control, or will bulls defend key levels?



 

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