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SalimFX20

GBPJPY Technical Analysis 21st February 2024 1h chart

British Pound / Japanese Yen (FX:GBPJPY)  
SalimFX20  
FX:GBPJPY   British Pound / Japanese Yen
Beyond Technical Analysis GBPJPY gj Forex fx signals breakdownanalysis marketanalystsalim
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– Tuesday Daily candle closed weak Bullish and Rejected Daily Resistance formed Wednesday 14th February (Last week) as price still consolidating on Daily timeframe. I’ll be looking for potential Buys above 189.670 targeting 4h Resistance formed at 190.030 and previous Weekly Support formed back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and 1h Strong Support around 187.920. Targets for both Buys and Sells kept tight due to price ranging on the Daily and 4h timeframe up until we get decent confirmation on price breaking out of the current range.
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