GBPJPY Technical Analysis 03.12.2021 1h chart

GBPJPY Technical Analysis 03.12.2021 1h chart
Previous Daily Candle has tapped the Weekly Support at 149.460 and formed another Support on the Daily, 149.500 area is a Strong Support on the Weekly Time Frame. After having 6 Daily Candles closing bearish then previous Daily Candle formed Support so there could be a Higher Probability for price to have Bullish moves retesting the previous Daily Support from (07.10.2021) to then retest the current Low (149.500).

News : Monetary Policy Committee (MPC) Member Saunders due to speak about the outlook for Inflation and Monetary Policy at an Online Event hosted by the Bank Of England.