GBPJPY Technical Analysis 31st October 2024 1h chart

GBPJPY Technical Analysis 31st October 2024 1h chart
– Wednesday Daily candle closed Bearish at 198.830 forming Daily Resistance at 199.580. I’ll be looking for potential Buys above 198.990 targeting Daily Resistance at 199.580 Leaving Runners to the previous 4h Support formed on 18th June 2024 around 200.200. I’ll be looking for potential Sells below 198.220 targeting 4h Rejection formed at 197.770 Leaving Runners to the 4h Support formed at 197.330. As we approach the Asian session, the spotlight is on the Bank of Japan’s upcoming review of its bank rate. This decision could lead to considerable volatility in the Japanese yen.