GBPJPY Technical Analysis 25th March 2024 1h chart
– Previous Weekly candle closed Weak Bullish at 191.780 within recent Weekly Resistance formed on 25th February 2024 leaving a huge Rejection wick to the Upside, Friday Daily candle closed Bearish respecting Thursday Daily Resistance formed around 193.380. I’ll be looking for potential Buys above 190.970 targeting previous 30min Support formed at 191.450 and the previous 4h Support formed on 19th March 2024 at 191.880. I’ll be looking for potential Sells below 190.500 targeting previous 4h Resistance formed on 18th March 2024 around 190.070 leaving Runners to the strong 4h Support formed on 19th March 2024 around 189.770. As Weekly closed with a Rejection to the Upside but still within recent Weekly Resistance there could be a possible potential Wick Fill to the upside.