– I’ll be looking for potential Buys above 200.710 targeting Hourly Rejection formed on 24th July 2024 Leaving Runners to the to Hourly Strong Resistance formed on 23rd July 2024 around 201.650.
– I’ll be looking for potential Sells below 200.330 targeting 4h Support formed at 199.950 Leaving Runners to the 4h Strong Support formed at 199.420.
– The GBPJPY’s daily close above the 200 level is a positive sign, indicating a potential uptrend. But because the volume is still small, it’s wise to watch for confirmation before getting too confident.