GBPJPY Technical Analysis 29th January 2026 1h chart

GBPJPY Technical Analysis 29th January 2026 1h chart
– The GBPJPY pair closed on a firm note today, settling around the 211.720 mark as the British Pound continues to find support against a volatile Yen. Despite earlier consolidation and recent Japanese intervention efforts, the pair managed to maintain its bullish bias.

– I’ll be looking for potential Buys above 212.030 targeting Hourly Resistance at 212.530 Leaving Runners to the previous 4h Support formed at 213.030.

– I’ll be looking for potential Sells below 211.430 targeting Key Level at 211.000 Leaving Runners to the 4h Support formed at 210.460.

– Following today’s bullish close and support formation, price is well-positioned to challenge recent resistance.