GBPJPY Technical Analysis 25th October 2024 1h chart

GBPJPY Technical Analysis 25th October 2024 1h chart
– Thursday Daily candle closed weak Bearish at 196.970 forming weak Daily Resistance around 197.170. as price consolidated on the 4h timeframe. I’ll be looking for potential Buys above 197.020 targeting 1h Resistance formed at 197.540 Leaving Runners to the 4h Resistance formed at 198.250. I’ll be looking for potential Sells below 196.580 targeting 4h previous Resistance formed at 196.150 Leaving Runners to the 4h Strong Support formed at 195.520. After Weekly been Bullish breaking above Weekly Rejection price starting to retrace, there is a good probability for Weekly to close weak Bullish below Weekly previous Rejection.