GBPJPY Technical Analysis 12th November 2024 1h chart

GBPJPY Technical Analysis 12th November 2024 1h chart
– Monday Daily candle closed Bullish at 197.790 forming Daily Support at 197.050 as new Weekly candle forms top wick. I’ll be looking for potential Buys above 198.350 targeting Hourly Resistance at 198.880 Leaving Runners to the 4h Strong Resistance formed at 199.350. I’ll be looking for potential Sells below 197.480 targeting Hourly Support formed at 196.990 Leaving Runners to 196.470 to fill the previous Weekly Low. Get ready for high-impact news on the Pound Sterling in the pre-London session! With the release of the Claimant Count Change and Average Earnings Index (3m/y), GBP could see heightened volatility.