GBPJPY Technical Analysis 8th August 2024 1h chart
– Wednesday Daily candle closed Bullish around 186.130 forming Daily Support around 183.100. I’ll be looking for potential Buys above 187.550 targeting 1h Rejection level formed around 188.600 Leaving Runners to the Hourly Resistance formed around 189.880. I’ll be looking for potential Sells below 185.550 targeting 4h previous Resistance formed around 184.650 Leaving Runners to the 30min Support formed around 183.800. Weekly candle starting to form a Rejection wick to the downside around the 180 level so possibly the Thursday Daily candle could potentially respect Daily Support and continue Bullish.