GBPJPY Technical Analysis 21st March 2024 1h chart
– Wednesday Daily candle closed strong Bullish around 193.380 as the strong Bullish momentum continues, I’ll be looking for potential Buys above 193.600 targeting Weekly Resistance formed on 16th August 2015 around 194.500 and Strong Daily Resistance formed on 18th August 2015 around 195.000. I’ll be looking for potential Sells below 192.690 targeting recent Strong 30min Support around 192.200 and 4h Support around 191.800. High Impact News ahead of the London session for the Pound Sterling for Flash Manufacturing PMI and Flash Services PMI, Closer to New York session open we have Official Bank Rate Review from the Bank Of England which may bring volatility to the market.