SalimFX20

GBPJPY Technical Analysis 4th March 2024 1h chart

FX:GBPJPY   Libra esterlina/Yen japonés
– Previous Weekly candle closed Bearish forming Weekly Resistance around 190.630, Friday Daily candle closed weak Bullish around 189.850 forming weak Daily Support formed around 189.290. I’ll be looking for potential Buys above 190.310 targeting 4h Resistance formed at 190.870 and the previous Monthly High to be filled around 191.330. I’ll be looking for potential Sells below 189.590 targeting 4h Support around 189.210 and the previous Strong Daily Support formed on 16th February 2024 around 188.800. Ideally is to allow the Asian session to form a new range for the new week ahead and wait for a good setup around the Pre London / London open.

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