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British Pound / Japanese Yen

GBPJPY Technical Analysis 02.02.2024 1h chart

By SalimFX20
– Thursday Daily candle closed Bullish at 186.540 forming Daily Support at 186.350 and leaving over 100 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.830). I’ll be looking for potential Sells below 186.270 targeting recent previous Hourly Resistance (185.800) and recent 1h Support at (185.340). There is a good probability for Buys to play out on Friday to allow price to retest the broken Daily Range above 187.400.
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SalimFX20
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