GBPJPY Technical Analysis 13th January 2025 1h chart

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 GBPJPY Technical Analysis 13th January 2025 1h chart

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GBPJPY Technical Analysis 13th January 2025 1h chart





- Previously Weekly candle closed strong Bearish at 192.360 rejecting Weekly Resistance formed at the beginning of January. Friday Daily candle closed strong Bearish as well.

- I'll be looking for potential Buys above 192.850 targeting 15min Resistance around 193.440 Leaving Runners to the previous Hourly Support formed at 193.930.

- I'll be looking for potential Sells below 192.040 targeting previous Daily Resistance formed on 5th December 2024 around 191.390 Leaving Runners to the 4h Support formed at 190.750.

- Weekly close shows strong bearish momentum, setting up for a potential retest of the weekly support formed in early December. Key levels to watch for reaction, will buyers step in, or will the bearish trend continue?




 

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