GBPJPY Technical Analysis 9th September 2024 1h chart
– Previous Weekly candle closed strong Bearish at 186.730 closing below recent Weekly Support and forming Resistance around 191.740. Friday Daily candle closed strong Bearish breaking below weak Daily Support formed on Thursday. I’ll be looking for potential Buys above 187.200 targeting 4h previous Support formed at 187.760 Leaving Runners to the 15min previous Support formed at 188.340. I’ll be looking for potential Sells below 186.460 targeting 1h previous Resistance formed on 8th August 2024 at 186.060 Leaving Runners to the 1h Support formed on that same day around 185.200. As Weekly closed Bearish below recent Weekly Support there is a good probability for price to continue Bearish but ideally is to allow price to retrace to form top wick.