– I’ll be looking for potential Buys above 200.500 targeting Hourly Resistance at 200.920 Leaving Runners to the Weekly Rejection formed at 201.280.
– I’ll be looking for potential Sells below 200.000 targeting 4h Strong Support formed at 199.590 Leaving Runners to the Daily Support formed at 199.150.
– On the monthly chart for GBP/JPY, the price action remains bullish and has barely formed a new low. With the monthly candle closing soon, the bullish momentum is likely to kick in, even though the daily chart is still ranging.