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British Pound / Japanese Yen

GBPJPY Technical Analysis 1st March 2024 1h chart

By SalimFX20
– Thursday Daily candle closed strong Bearish breaking out of the recent Daily range. I’ll be looking for potential Buys above 189.510 targeting 1h Resistance at 190.020 and 4h previous consolidation zone around 190.450, I’ll be looking for potential Sells below 188.940 targeting 4h Support around 188.320 and next 1h Strong Support around 187.890. Thursday Daily candle played exactly as anticipated early on the week and there is a good probability for the current Weekly candle to close Bearish forming Weekly Resistance.
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