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SalimFX20

GBPJPY Technical Analysis 19th 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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– Previous Weekly candle closed Bullish breaking above recent Weekly Resistance, Friday Daily candle closed small Bullish forming Daily Support at 188.850. I’ll be looking for potential Buys above 189.470 targeting recent Daily Resistance at 189.820 and previous Weekly Support held back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and strong 1h Support around 187.920. Ideally is allow the Asian session to form a new range for the week ahead and wait for a much better confirmation around the London session.
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