GBPJPY Technical Analysis 20th December 2024 1h chart

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 GBPJPY Technical Analysis 20th December 2024 1h chart

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Thursday Daily candle closed strong Bullish at 196.680 as price breaks above recent Daily Resistance. I'll be looking for potential Buys above 197.350 targeting Hourly Resistance at 198.000 Leaving Runners to the 4h Resistance at 198.830. I'll be looking for potential Sells below 196.320 targeting 4h previous Resistance around 195.630 Leaving Runners to the 30min previous Resistance formed around 194.830. Strong bullish momentum returns to the charts as price taps into a key weekly resistance level formed in early November.




 

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