GBPJPY Technical Analysis 1st September 2026 1h chart

GBPJPY Technical Analysis 1st September 2026 1h chart
– August Monthly candle closed Bullish at 216.400 closing above recent Monthly Resistance and forming Monthly Support at 211.950. Monday Daily candle closed weak Bearish rejecting the upside as price continue to consolidate on the Daily timeframe.

– I’ll be looking for potential Buys above 216.520 targeting Hourly Strong Resistance at 216.960 Leaving Runners to the 4h Strong Rejection formed at 217.370.


– I’ll be looking for potential Sells below 216.070 targeting Hourly Support at 215.630 Leaving Runners to the Daily Support formed at 215.180.


– Despite August closing with a strong bullish monthly candle, the daily timeframe is telling a different story, with price still stuck in a messy range and continuing to consolidate. Until we see a clean breakout with strong volume, patience remains key.