GBPJPY Technical Analysis 1st October 2024 1h chart
– Monday Daily candle closed Bullish at 192.080 forming Daily Support at 190.100 as price retrace to correct part of the Bearish move happened on Friday. I’ll be looking for potential Buys above 192.320 targeting 1h previous Support formed at 192.810 Leaving Runners to the 4h previous Support formed at 193.300. I’ll be looking for potential Sells below 191.580 targeting Hourly Support formed at 191.040 Leaving Runners to the 4h Support formed at 190.280. As a Monthly candle for September is coming to a close in a few hours closing Doji Bullish it would be ideal to wait for price to form a new range for the October Monthly candle, Despite Monthly closing Doji Bullish with a Rejection to the downside there is still a good probability for the continuation to the upside.