– Previous Weekly candle closed strong Bullish at 201.970 breaking out of the Weekly Resistance and recent Daily Range. Friday Daily candle closed strong Bullish. I’ll be looking for potential Buys above 201.540 targeting previous Monthly Support formed on February 2009 around 202.600 Leaving Runners to the previous Daily Support formed on 21st May 2008 around 203.300. I’ll be looking for potential Sells below 204.540 targeting 4h Strong Support formed around 200.980 Leaving Runners to the previous Daily Resistance formed on 12th June 2024 around 200.530. Overall trend has been Bullish despite the recent Daily range on GBPJPY, but to anticipate the continuation to the upside it would be much better to wait for price to form a retracement, establish strong Support then anticipate for price to retest the recent highs and continue Bullish.
