GBPJPY Technical Analysis 29th March 2024 1h chart
– Thursday Daily candle closed weak Bearish around 191.010 as price remains within the 4h Consolidation Zone. I’ll be looking for potential Buys above 191.240 targeting Hourly Resistance around 191.540 and 4h Resistance formed around 192.040. I’ll be looking for potential Sells below 190.650 targeting current Weekly Low around 190.350 and 30min Support at 189.970. As price continues to range within the 4h recent Consolidation Zone ideally is to wait for price to break and close out of the range.
