GBPJPY Technical Analysis 9th December 2024 1h chart

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 GBPJPY Technical Analysis 9th December 2024 1h chart

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Previous Weekly candle closed Doji Bullish at 191.030 forming Weekly Support at 190.360 and Rejecting the downside. Friday Daily candle closed Bearish Rejecting Daily Resistance formed on 28th November 2024. I’ll be looking for potential Buys above 191.170 targeting previous 15min Support at 191.800 Leaving Runners to the 30min Resistance at 192.280. I’ll be looking for potential Sells below 190.700 targeting 4h Support formed at 190.240 Leaving Runners to the Hourly Support formed at 189.640. GBPJPY has been trading in a narrow range throughout December. Reduced market activity and a lack of significant market-moving events have contributed to this sideways price movement.

 

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