GBPJPY Technical Analysis 18th October 2024 1h chart
– Thursday Daily candle closed Bullish at 195.410 forming Daily Support at 194.340 within Daily Consolidation Zone. I’ll be looking for potential Buys above 195.680 targeting 1h Resistance formed on 31st July 2024 around 196.350 Leaving Runners to the previous 4h Support formed on 29th July 2024 around 196.850. I’ll be looking for potential Sells below 195.000 targeting 30min Strong Support formed at 194.150 Leaving Runners to the 4h support formed at 194.150. High Impact News ahead of the Pre London session for the Pound Sterling. Overall Buys are looking much more cleaner to take rather than Sells as price consolidate on the Daily timeframe.