– I’ll be looking for potential Buys above 199.390 targeting 4h Resistance at 199.790 Leaving Runners to the next 4h Resistance formed at 200.200.
– I’ll be looking for potential Sells below 198.840 targeting Strong Daily Support formed at 198.230 Leaving Runners to the 4h Support formed at 197.710.
– The daily candle on GBP/JPY closed weakly bearish and remains stuck within a choppy consolidation phase. The price action has been messy for weeks, so it’s best to wait for a clear breakout and solid confirmation before making any trades.