GBPJPY Technical Analysis 12th December 2024 1h chart

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 GBPJPY Technical Analysis 12th December 2024 1h chart

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GBPJPY Technical Analysis 12th December 2024 1h chart



Wednesday Daily candle closed weak Bullish at 194.230 as price mostly ranged on the recent 4h timeframe. I'll be looking for potential Buys above 194.540 targeting 4h Resistance at 195.080 Leaving Runners to the 4h Rejection formed on 21st November 2024 around 195.530 I'll be looking for potential Sells Below 193.720 targeting Hourly Support at 193.080 Leaving Runners to the 4h Support formed at 192.500. Overall price have ranged on the Hourly and despite Weekly been very Bullish we might still see a retracement on the current Weekly candle.


 

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