GBPJPY Technical Analysis 9th February 2024 1h chart

8 בפבר׳

– Thursday Daily candle closed strong Bullish breaking above recent Daily Range (Consolidation), Respecting Daily Support formed on Wednesday. I’ll be looking for potential Buys above 188.490 targeting 4h Resistance (188.790) and previous Weekly Support formed on 13th July 2015 around (189.320). I’ll be looking for potential Sells below 187.940 targeting 4h previous Resistance formed on Friday last week (187.500) and 4h previous Resistance at (187.080). Bullish volume back on higher timeframe as current Weekly candle failed to fill the previous Weekly low, instead current Weekly candle broke above previous Weekly High and currently trading within strong recent Weekly Resistance.