GBPJPY Technical Analysis 31.01.2024 1h chart

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

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– Sells played out well on the Tuesday session as anticipated but the Daily closed Doji Bullish with an 85 pip rejection wick to the downside. I’ll be looking for potential Buys above 187.520 as price breaks above Tuesday Daily High targeting 4h Resistance around 188.230. I’ll be looking for potential Sells below 187.080 targeting 30min previous Resistance formed on 17th January 2024.

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