GBPJPY Technical Analysis 29th October 2024 1h chart

GBPJPY Technical Analysis 29th October 2024 1h chart
– Monday Daily candle closed strong Bullish at 198.840 breaking above the previous Weekly High. I’ll be looking for potential Buys above 199.050 targeting 4h Resistance formed on 24th July 2024 around 199.710 Leaving Runners to the 4h previous Support formed on 18th June 2024 around 200.200. I’ll be looking for potential Sells below 198.220 targeting 4h Rejection formed on Monday London session at 197.800 Leaving Runners to the 4h Support formed at 197.340. Price approaching previous Weekly Support formed in June 2024 so there is a good probability for price to react and reject the 199.500.