GBPJPY Technical Analysis 9th January 2025 1h chart

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 GBPJPY Technical Analysis 9th January 2025 1h chart

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- Wednesday Daily candle closed strong Bearish at 195.780 respecting recent Daily Resistance formed at 197.200 approaching Daily Support.

- I'll be looking for potential Buys above 196.020 targeting Potential Key Level at 197.500 with clean traffic on the left Leaving Runners to the Hourly Resistance formed at 197.100.

- I'll be looking for potential Sells below 195.120 targeting 4h Support formed at 194.500 Leaving Runners to the Hourly Support formed on 16th December 2024 around 193.940.

- As we near the end of the first week of trading in 2025, the Weekly candle begins to retrace, showing respect for the recent Weekly resistance. Will the pullback hold or pave the way for further movement?




 

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