November Monthly candle closed Bearish at 190.550 breaking below recent Monthly Support formed in September 2024 and forming Monthly Resistance at 196.130. Previous Weekly candle closed strong Bearish and the Friday Daily candle closed Bearish forming Daily Resistance at 192.230. I'll be looking for potential Buys above 191.000 targeting previous Hourly Support formed at 191.760 Leaving Runners to the 4h Resistance formed at 192.230. I'll be looking for potential Sells below 190.220 targeting Hourly Support formed on 30th September 2024 around 189.690 Leaving Runners to the 4h Support formed on 20th September 2024 around 189.000. Trading GBP/JPY during December can be both exciting and challenging due to unique market dynamics influenced by the holiday season. As December progresses, many institutional traders and market participants reduce their activity, especially around the Christmas and New Year holidays. This can lead to thinner markets, increasing the potential for sudden price spikes or erratic movements.
