GBPJPY Technical Analysis 27th August 2024 1h chart
– Monday Daily candle closed Doji Bullish at 190.570 leaving over 100 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 190.800 targeting Daily Resistance at 191.450 Leaving Runners to the Hourly Resistance formed around 191.880. I’ll be looking for potential Sells below 190.320 targeting 4h Support at 189.850 Leaving Runners to 189.490 to potentially fill Daily Rejection Wick. Sells are more likely to play out rather than Buys as price formed Weekly Resistance last week.
