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GBPJPY Technical Analysis 28th November 2024 1h chart

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 GBPJPY Technical Analysis 28th November 2024 1h chart

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Wednesday Daily candle closed Bearish at 191.480 approaching Weekly Support formed around the end of September 2024. I'll be looking for potential Buys above 191.920 targeting 4h Resistance at 192.440 Leaving Runners to the previous 4h Support formed at 192.880. I'll be looking for potential Sells below 191.030 targeting Hourly Support formed on 1st October 2024 around 190.560 Leaving Runners to the Weekly Support formed at 190.050. The release of the Tokyo Core CPI y/y data during the pre-Asian session is a key economic event, especially for traders and investors monitoring the Japanese Yen. The Tokyo Core CPI, which excludes fresh food prices but includes energy, serves as an early indicator of nationwide inflation trends in Japan.

 

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