GBPJPY Technical Analysis 8th November 2024 1h chart

GBPJPY Technical Analysis 8th November 2024 1h chart
– Thursday Daily candle closed Bearish at 198.570 forming Daily Resistance formed at 199.140. I’ll be looking for potential Buys above 198.830 targeting 4h Resistance at 199.360 Leaving Runners to 199.800 to fill the previous Weekly High. I’ll be looking for potential Sells below 198.140 targeting Hourly Strong Support formed at 197.500 Leaving Runners to the 4h Strong Support formed at 196.910. There is a good probability for the Friday to retrace respecting Daily Resistance allowing the current Weekly candle to close small Bullish as price rejects the 200 Key Level.