GBPJPY Technical Analysis 20th September 2024 1h chart
– Thursday Daily candle closed strong Bullish at 189.460 as price taps into the previous weak Weekly Support formed on 25th August 2024. I’ll be looking for potential Buys above 189.960 targeting 4h Resistance formed at 190.400 Leaving Runners to the Hourly Strong Resistance formed on 3rd September 2024 around 191.080. I’ll be looking for potential Sells below 189.060 targeting Hourly Support formed at 188.530 Leaving Runners to the 1h previous Resistance formed around 188.000. Current Weekly candle trending Bullish so there is a higher probability for price to form Weekly Support and potentially the following Weekly candle could possibly retest recent Weekly Resistance around the 192 level.