GBPJPY Technical Analysis 5th September 2024 1h chart

GBPJPY Technical Analysis 5th September 2024 1h chart
– Wednesday Daily candle closed Bearish at 188.890 breaking below recent Daily Consolidation Zone. I’ll be looking for potential Buys above 189.270 targeting 1h previous recent Support formed at 189.850 Leaving Runners to the 4h Resistance formed around 190.520. I’ll be looking for potential Sells below 188.480 targeting 4h Support formed on 12th August 2024 at 187.770 Leaving Runners to the Weekly Support formed at 187.070. Extreme Bearish momentum continues as price broke the previous Weekly Low so there is a high probability for price to retest the most recent Weekly Support.