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SalimFX20

GBPJPY Technical Analysis 26th 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 strong Bullish at 190.650 , Friday Daily candle closed weak Bullish leaving a Rejection wick to the upside. I’ll be looking for potential Buys above 190.840 anticipating for price to fill the previous Weekly High at 191.140 and previous Daily Support formed on 28th July 2015 around 191.460. I’ll be looking for potential Sells below 190.400 targeting 1h Support around 189.930 and another Hourly Support around 189.590. Despite the previous Weekly candle closing Bullish, there is a good probability for price to form Daily Resistance for Monday knowing that the Friday Daily candle closed weak Bullish with a Rejection wick to the upside.
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