GBPJPY Technical Analysis 16th October 2024 1h chart
– Tuesday Daily candle closed Bearish at 195.030 back into the Daily Range as price continues to range. I’ll be looking for potential Buys above 195.380 targeting Daily Rejection formed on 26th September 2024 at 195.980 Leaving Runners to the previous Daily Support formed on 15th May 2024 around 196.460. I’ll be looking for potential Sells below 194.630 targeting 1h Strong Support formed at 194.440 Leaving Runners to the next Hourly Support around 194.040. High Impact News ahead of the Pre London session open for the Pound Sterling for CPI y/y, High Volatility expected at the London Open.