GBPJPY Technical Analysis 4th September 2024 1h chart
– Tuesday Daily candle closed strong Bearish at 190.740 retracing back to the Daily Consolidation Zone and forming Daily Resistance around 193.050. I’ll be looking for potential Buys above 191.070 targeting 4h Resistance around 191.550 Leaving Runners to the 30min Resistance formed at 191.910. I’ll be looking for potential Sells below 190.300 targeting 4h Support formed at 189.850 Leaving Runners to the Hourly Support formed around 189.380. Huge retracement on the Daily and top wick Rejection formed on the current Weekly candle.