GBPJPY Technical Analysis 17th December 2024 1h chart

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 GBPJPY Technical Analysis 17th December 2024 1h chart

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Monday Daily candle closed strong Bullish at 195.350 breaking above recent Daily Resistance. I'll be looking for potential Buys above 195.730 targeting 4h Resistance formed at 196.330 Leaving Runners to the previous Daily Support formed on 12th November 2024 around 196.890. I'll be looking for potential Sells below 194.940 targeting Hourly Support at 194.510 Leaving Runners to the 4h Support formed at 194.140. The Pound Sterling faces potential volatility ahead of the pre-London session as key UK data, including the Claimant Count Change and Average Earnings Index 3m/y. These reports could sharply impact GBP pairs.



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