GBPJPY Technical Analysis 21st May 2024 1h chart

– Monday Daily closed Bullish at 198.500 as the Bullish momentum continues. I’ll be looking for potential Buys above 198.650 targeting previous 15min Range around 199.250, Leaving Runners to the Hourly Resistance formed around 199.650. I’ll be looking for potential Sells below 198.180 targeting 4h Support formed at 197.780 and 30min Support around 197.400. Despite Daily for Monday closing Bullish price could possibly reject the upside at any given point as price is trading with the Weekly Rejection Range where price rejected the 200 level.