– I’ll be looking for potential Buys above 199.500 targeting Daily Rejection formed at 199.820 Leaving Runners to the 4h Resistance formed at 200.200.
– I’ll be looking for potential Sells below 199.080 targeting 4h Strong Support formed at 198.650 Leaving Runners to the Strong Daily Support formed at 198.200.
– The daily chart for GBP/JPY shows a weak bullish formation with a rejection to the upside. The price action looks quite messy, so it’s highly recommended to wait for a high-volume breakout from the current range.