– I’ll be looking for potential Buys above 193.660 targeting Hourly Resistance formed at 194.040 Leaving Runners to the next Hourly Resistance formed at 194.500.
– I’ll be looking for potential Sells below 193.160 targeting 4h Support formed at 192.590 Leaving Runners to the 4h previous Resistance formed at 191.990.
– Despite the bullish daily close on GBPJPY, price continue to range on the 4H timeframe. Patience is key as we wait for a clear breakout or strong confirmation.