GBPJPY Technical Analysis 14th October 2024 1h chart
– Previous Weekly candle closed weak Bullish at 194.780 as price overall ranged within the Daily timeframe. Friday Daily candle closed Bullish within the Consolidation Zone. I’ll be looking for potential Buys above 194.920 targeting 4h Resistance formed at 195.300 Leaving Runners to 195.950 area to fill the Monthly High for September 2024. I’ll be looking for potential Sells below 194.440 targeting Hourly Strong Support formed at 194.040 Leaving Runners to the 4h Support formed at 193.650. Overall last Weekly candle ranged and tried to break above but failed so ideally for the new Weekly candle to break above to continue Bullish price needs to respect Daily Support level around 192.500.