GBPJPY Technical Analysis 18th November 2024 1h chart

GBPJPY Technical Analysis 18th November 2024 1h chart
– Previous Weekly candle closed strong Bearish at 194.650 respecting recent Weekly Resistance, Friday Daily candle closed strong Bearish within the previous Daily Consolidation Zone. I’ll be looking for potential Buys above 194.900 targeting previous 4h Support formed on 22nd October 2024 around 195.510 Leaving Runners to the previous Daily Support formed on 31st October 2024 around 196.080. I’ll be looking for potential Sells below 194.260 targeting Strong Daily Support formed at 193.800 Leaving Runners to the previous 4h Rejection formed on 8th October 2024 around 193.100. Despite Weekly and Daily closing strong Bearish there is a good probability for price to form Support to retest the recent Weekly Resistance.