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GBPJPY Technical Analysis 26th November 2024 1h chart

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 GBPJPY Technical Analysis 26th November 2024 1h chart

Deadpool

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Monday Daily candle closed Doji Bearish at 193.770 as price ranged overall on the 4h timeframe. I'll be looking for potential Buys above 193.940 targeting 4h Strong Resistance formed at 194.450 Leaving Runners to the 4h Resistance formed at 195.100. I'll be looking for potential Sells below 193.490 targeting Hourly Support formed at 193.000 Leaving Runners to the Daily Support formed on 3rd October 2024 around 192.600. Price is consolidating on the Weekly and Daily timeframes. The best approach is to wait for strong confirmation in either direction (Buy or Sell) during high-volume trading periods for optimal entries. Patience pays!

 

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