GBPJPY Technical Analysis 29th February 2024 1h chart
– Wednesday Daily candle closed weak Bearish as price continues to consolidate within the 4h timeframe. I’ll be looking for potential Buys above 190.970 targeting 4h Resistance at 191.310 and previous Weekly Support formed on 22nd July 2015 around 191.840. I’ll be looking for potential Sells below 190.310 targeting 1h Strong Support around 189.940 and previous 4h Support formed on 21st February 2024 around 189.490. Sells are more likely to play out rather than Buys as price is failing to continue bullish and Monthly candle closing before end of the week.