GBPJPY Technical Analysis 5th March 2024 1h chart

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

beyondta gbpjpy gj forex fx signals breakdownanalysis marketanalystsalim

– Monday Daily candle closed strong Bullish around 191.000 below recent Daily Resistance formed on Tuesday 27th February 2024. I’ll be looking for potential Buys above 191.280 targeting Weekly Support formed on 27th July 2015 around 191.840 and next Daily Support formed on 10th August 2015 around 192.380. I’ll be looking for potential Sells below 190.730 targeting previous 4h Resistance formed on 1st March 2024 around 190.280 and next 4h Support around 189.770. Despite the Monday been extremely Bullish price still closed below recent Daily Resistance so there is a probability for Daily Retracement.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.