GBPJPY Technical Analysis 7th March 2024 1h chart

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

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– Wednesday Daily candle closed Bearish around 190.160 respecting Daily Resistance formed on Tuesday this week. I’ll be looking for potential Buys above 190.650 targeting 4h Resistance at 191.120 and Weekly Support formed on 27th July 2015 around 191.840. I’ll be looking for potential Sells below 189.800 targeting Daily Support formed on 1st March around 189.270 and Daily Support formed on 16th February 2024 around 188.820. Despite Daily closing Bearish price has been consolidating on the 4h and 1h timeframe.

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