GBPJPY Technical Analysis 8th March 2024 1h chart
Thursday Daily candle closed weak Bearish around 189.560 closing above recent Daily Support and forming over 130 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 189.760 targeting 4h Resistance around 190.350 and next 4h Strong Resistance around 190.810. I’ll be looking for potential Sells below 189.120 targeting 1h previous Resistance formed around 188.700 and 2nd target would be potential Daily Wick Fill around 188.230. There is a good probability for current Weekly candle to close Bearish respecting recent Weekly Resistance formed last week.