GBPJPY Technical Analysis 6th November 2024 1h chart
– Tuesday Daily candle closed weak Bullish at 197.720 as price ranged on the 4h timeframe, I’ll be looking for potential Buys above 197.770 targeting Hourly Resistance at 198.270 Leaving Runners to the 4h Resistance formed at 198.970. I’ll be looking for potential Sells below 196.920 targeting 4h Rejection formed at 196.470 Leaving Runners to the Daily Support formed at 196.000. Price continues to range on the higher timeframe due to US Presidential Election but volatility expected Wednesday onwards.
