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SalimFX20

GBPJPY Technical Analysis 01.02.2024 1h chart

British Pound / Japanese Yen (FX:GBPJPY)  
SalimFX20  
FX:GBPJPY   British Pound / Japanese Yen
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– Wednesday Daily candle closed strong Bearish correcting the clean Daily candle formed on 17th January and breaking out of the recent Daily Range, I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.890). I’ll be looking for potential sells below 185.950 targeting Hourly Support (185.350) and Daily Support (184.690). We have bank rate decision for the Pound Sterling so more likely price will consolidate leading to the news release (Pre NY) .
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