GBPJPY Technical Analysis 19th December 2024 1h chart

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 GBPJPY Technical Analysis 19th December 2024 1h chart

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Wednesday Daily candle closed Bearish at 194.510 respecting recent Daily Resistance and Rejecting current Weekly High. I’ll be looking for potential Buys above 194.780 targeting 4h Resistance at 195.430 Leaving Runners to the current Weekly Rejection level around 195.900. I’ll be looking for potential Sells below 194.080 targeting Hourly Support formed at 193.590 Leaving Runners to the next Hourly Support around 192.920. Major central bank spotlight: Both the Bank of England and Bank of Japan prepare for their final rate reviews of 2024. Will Bank Of England hold steady or surprise? Will Bank Of Japan shift its ultra-loose policy? Markets brace for key decisions!





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