GBPJPY Technical Analysis 20th August 2024 1h chart
– Monday Daily candle closed weak Bearish leaving a +200 pip Rejection wick to the downside. I’ll be looking for potential Buys above 190.610 targeting 30min Resistance around 191.160 Leaving Runners to the Hourly Resistance formed around 191.570. I’ll be looking for potential Sells below 190.040 targeting 15min Support formed around 189.400 Leaving Runners to the 30min Support formed around 188.940. Despite the Monday candle being Bearish Buys are more likely to play out as Weekly candle has been formed last week, Currently Weekly candle formed a decent bottom wick as well.
