GBPJPY Technical Analysis 22nd February 2024 1h chart
– Wednesday Daily candle closed Bullish above recent Daily Resistance formed on Wednesday 14th (last week). I’ll be looking for potential Buys above 190.000 targeting previous Weekly Support formed back in 2004/2005 around 190.340 and Daily Rejection formed on 27th July 2015 around 191.000. I’ll be looking for potential Sells below 189.610 targeting 4h Support formed at 189.280 and Daily Support formed at 188.940. High Impact News ahead of the London session for the Pound Sterling which may bring volatility to the market.