GBPJPY Technical Analysis 03.12.2021 1h chart

Previous Daily Candle has tapped the Weekly Support at 149.460 and formed another Support on the Daily, 149.500 area is a Strong Support on the Weekly Time Frame. After having 6 Daily Candles closing bearish then previous Daily Candle formed Support so there could be a Higher Probability for price to have Bullish moves retesting the previous Daily Support from (07.10.2021) to then retest the current Low (149.500).

News : Monetary Policy Committee (MPC) Member Saunders due to speak about the outlook for Inflation and Monetary Policy at an Online Event hosted by the Bank Of England.