GBPJPY Technical Analysis 19th March 2024 1h chart

18 Mar

– Monday Daily candle closed weak Bullish around 189.850 as price consolidated on the 4h timeframe. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance formed at 190.350 and 4h Resistance formed around 190.800. I’ll be looking for potential Sells below 189.530 targeting 1h previous Resistance formed around 189.110 and next 1h Support around 188.790. High Impact News ahead of the Asian session for the Japanese Yen for a review on the bank rate which may bring volatility to the market.