– Monday Daily candle closed Bullish at 193.320 forming Daily Support at 191.700. I’ll be looking for potential Buys above 193.610 targeting 4h previous Support formed on 25th April 2024 around 194.230 and Hourly Resistance around 194.820. I’ll be looking for potential Sells below 192.950 targeting Hourly Support around 192.520 and the previous Hourly Resistance around 192 level. As previous Weekly candle closed Bearish forming Weekly Resistance, the current push on GBPJPY could potentially be short lived, allowing the new Weekly candle to form a top wick before the continuation to the downside.
