GBPJPY Technical Analysis 12th August 2024 1h chart

– Previous Weekly candle closed weak Bearish around 187.020 leaving a huge exhaustion wick to the downside, Friday Daily candle closed Bearish forming Daily Resistance around 187.590. I’ll be looking for potential Buys above 187.390 targeting 4h strong Resistance formed around 187.950 Leaving Runners to the Daily Rejection formed around 188.420. I’ll be looking for potential Sells below 186.570 targeting 1h previous Resistance formed around 186.570 Leaving Runners to the 30min Support formed around 185.420. As Weekly closed weak Bearish there is a good probability for price to continue Bullish on the Weekly correcting the Sells from the last 3 weeks.