GBPJPY Technical Analysis 3rd December 2024 1h chart
Monday Daily candle closed Bearish at 189.170 as Weekly starting to retrace. I'll be looking for potential Buys above 189.520 targeting previous 4h Support at 190.180 Leaving Runners to the 1h Strong Resistance formed at 190.990. I'll be looking for potential Sells below 188.600 targeting previous Hourly Resistance formed on 18th September 2024 around 188.000 Leaving Runners to the previous 4h Support formed on 08th September 2024 around 187.420. New monthly candle, new moves! As the monthly candle opens, price begins to retrace—setting the stage for potential setups.