GBPJPY Technical Analysis 5th November 2024 1h chart

GBPJPY Technical Analysis 5th November 2024 1h chart
– Monday Daily candle closed small Bearish at 197.090 as price ranged overall within the 4h timeframe. I’ll be looking for potential Buys above 197.300 targeting Hourly Resistance at 197.750 Leaving Runners to the 30min Strong Support around 198.260. I’ll be looking for potential Sells below 196.540 targeting Daily Support at 196.040 Leaving Runners to the 4h Strong Support formed on 22nd October 2024 around 195.480. Expect potential price spikes in GBP/JPY as market reactions to the U.S. Presidential Election unfold. With high volatility, price action may reflect shifts in risk sentiment—stay alert!