GBPJPY Technical Analysis 11th November 2024 1h chart

GBPJPY Technical Analysis 11th November 2024 1h chart 1
– Previous Weekly candle closed weak Bearish at 197.150 forming weak Weekly Resistance around 197.570. Friday Daily candle closed strong Bearish tapping into recent Daily Support formed Monday 4th November 2024. I’ll be looking for potential Buys above 197.300 targeting Hourly Resistance at 197.710 Leaving Runners to the next Hourly Resistance around 198.200. I’ll be looking for potential Sells below 196.820 targeting previous Weekly Low to fill the wick around 196.470 Leaving Runners to the Daily Support formed at 196.010. As Weekly closed Bearish rejecting the upside there is a good probability for price to continue bearish retesting Weekly Support at the 190s Key Level.