GBPJPY Technical Analysis 18th March 2024 1h chart
– Previous Weekly candle closed Bullish around 189.700 forming Weekly Support around 189.100, Friday Daily candle closed Bullish breaking out of the recent 4h Consolidation Zone. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance around 190.350 and 4h Resistance around 190.800. I’ll be looking for potential Sells below 189.510 targeting 1h previous Resistance formed around 189.110 and next Hourly Support around 188.790. Ideally is to allow the Asian session to consolidate and form a new Range for the new week ahead. As Weekly closed Bullish forming Support there is a good probability for price to retest recent Weekly Resistance around 190.650.
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