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GBPJPY Technical Analysis 29th November 2024 1h chart

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 GBPJPY Technical Analysis 29th November 2024 1h chart

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Thursday Daily candle closed small Bullish at 192.220 forming Daily Support at 191.410 as Weekly retrace from the previous Weekly Support formed around end of September 2024. I'll be looking for potential Buys above 192.470 targeting previous recent 4h Support formed at 192.880 Leaving Runners to the 4h Resistance at 193.500. I'll be looking for potential Sells below 191.870 targeting Hourly Support at 191.350 Leaving Runners to the 4h Support formed at 190.900. Bank of England Governor Andrew Bailey holds a press conference to discuss the much-anticipated Financial Stability Report. This report is crucial for understanding the current state of the UK’s financial system, the risks it faces, and how the Bank plans to safeguard stability amidst global and domestic challenges. Expect key insights into economic resilience, monetary policy implications, and the broader outlook for the UK economy. Markets and analysts will be closely watching for any signals on future policy directions.

 

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