GBPJPY Technical Analysis 28th February 2024 1h chart
– Tuesday Daily candle closed weak Bearish forming Daily Resistance around 191.120. I’ll be looking for potential Buys above 191.300 targeting previous Weekly Support formed on 27th July 2015 around 191.840 and previous Daily Support formed on 10th August 2015 around 192.350. I’ll be looking for potential Sells below 190.450 targeting 1h Strong Support formed at 189.960 and 4h previous Resistance formed on 21st February 2024 around 189.490. as anticipated price is failing to continue bullish as the Monthly candle coming to a close so it would make sense to see pullback on the Daily to allow the Monthly candle to close with a top wick to the upside.
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