GBPJPY Technical Analysis 15th April 2024 1h chart
– Friday Daily candle closed extremely Bearish at 190.800 breaking out of the recent Daily Range, forming Daily Resistance at 192.330, Weekly candle closed Weak Bearish forming a huge Rejection to the upside. I’ll be looking for potential Buys above 191.030 targeting 4h previous Resistance around 191.590, Leaving Runners to the 4h Resistance formed around 192.130. I’ll be looking for potential Sells below 190.340 targeting 4h Support around 189.810 and Leaving Runners to the 4h previous Resistance formed on 14th March 2024 around 189.380. There is a good probability for the new weekly candle to retrace to retest the broken Daily support range formed last week.