GBPJPY Technical Analysis 20th March 2024 1h chart

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

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– Tuesday Daily candle close strong Bullish around 191.870 as price break above the previous Monthly High, I’ll be looking for potential Buys above 192.200 targeting previous Daily Support formed on 4th August 2015 around 193.000 and Monthly Resistance formed in August 2015 around 193.460, I’ll be looking for potential Sells below 191.500 targeting 1h previous Resistance formed around 191.110 and Weekly previous Resistance around 190.610. High Impact News ahead of the Pre London session for the Pound Sterling for CPI y/y which may bring volatility to the market.

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