GBPJPY Technical Analysis 16th December 2024 1h chart

Currently reading:
 GBPJPY Technical Analysis 16th December 2024 1h chart

Deadpool

Drainer :)
Staff member
Administrator
Crax Cloud
Amateur
LV
12
Joined
Nov 15, 2020
Threads
5,205
Likes
15,294
Awards
19
Credits
149,996©
Cash
9$
1000190186



Previous Weekly candle closed strong Bullish at 193.710 respecting recent Weekly Support formed at the beginning of December. Friday Daily candle closed weak Bullish forming Daily Support at 193.270. I’ll be looking for potential Buys above 194.310 targeting Daily Rejection formed at 194.980 Leaving Runners to the Hourly Rejection formed on 21st November 2024 around 195.530. I’ll be looking for potential Sells below 193.500 targeting Hourly Support at 192.920 Leaving Runners to the 4h Support at 192.440. With reduced volume this month, the market lacks momentum. Patience is key, wait for strong confirmations before entering buy or sell positions. Stay strategic and avoid unnecessary risks!



1000190187
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Tips

Similar threads

Top Bottom