GBPJPY Technical Analysis 11th December 2024 1h chart

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 GBPJPY Technical Analysis 11th December 2024 1h chart

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Tuesday Daily candle closed strong Bullish 193.890 as price taps into a previous Daily Range. I'll be looking for potential Buys above 194.110 targeting previous Daily Support formed on 17th November 2024 around 194.760 Leaving Runners to the Hourly Resistance formed at 195.300. I'll be looking for potential Sells below 193.670 targeting previous 4h Resistance formed at 193.250 Leaving Runners to the previous Hourly Resistance formed at 192.700. Another daily candle closes bullish! The analysis played out as anticipated earlier this week and last, with the current weekly candle respecting the recent weekly support. Momentum aligns perfectly!


 

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