GBPJPY Technical Analysis 23rd December 2024 1h chart

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 GBPJPY Technical Analysis 23rd December 2024 1h chart

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Previous Weekly candle closed Bullish at 196.460 closing below Weekly Resistance formed at the beginning of November 2024. Friday Daily candle closed weak Bearish forming weak Daily Resistance around 196.720. I'll be looking for potential Buys above 196.720 targeting 4h Rejection formed at 197.320 Leaving Runners to the Daily Resistance formed on 14th November 2024 around 197.890. I'll be looking for potential Sells below 195.940 targeting Hourly Support at 195.340 Leaving Runners to the next Hourly Support formed at 194.680. Weekly candle closes weak bullish, rejecting upside momentum. With Christmas approaching, reduced volume is expected.




 

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