GBPJPY Technical Analysis 30th December 2024 1h chart

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 GBPJPY Technical Analysis 30th December 2024 1h chart

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Previous Weekly candle closed small Bullish at 198.370 closing above Weekly Resistance formed at the beginning of November 2024. Friday Daily candle closed Bullish but overall reduced volume over the Christmas period. I’ll be looking for potential Buys above 198.700 targeting 4h Strong Resistance formed at 199.350 Leaving Runners to the 4h Rejection level formed on 30th October 2024 around 199.800. I’ll be looking for potential Sells below 198.150 targeting 4h Resistance formed at 197.800 Leaving Runners to the Hourly Strong Support formed at 197.320. With low market volume, this isn’t the ideal time to trade, as opportunities may be limited and volatility reduced. However, for those who are still planning to engage with the markets, I’m sharing this analysis to provide insights and potential setups. Remember to trade cautiously and manage your risk during these conditions!




 

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