GBPJPY Technical Analysis 9th October 2024 1h chart
– Tuesday Daily candle closed small Bullish at 194.160 as price ranged within the No Trade Zone identified on Monday. I’ll be looking for potential Buys above 194.350 targeting 4h Resistance formed at 194.820 Leaving Runners to the Hourly Strong Resistance formed at 195.400. I’ll be looking for potential Sells below 193.350 targeting 30min Support formed at 192.720 Leaving Runners to the 4h Support formed at 191.960. Overall price have ranged on Tuesday across the 3 sessions within the No Trade Zone but slightly broke above the potential Buys identified previously during low volume time, so both targets for Buys an Sells kept the same as the trade idea posted on Monday is still valid.
