GBPJPY Technical Analysis 3rd May 2024 1h chart

– Thursday Daily candle closed small Bearish at 192.510 leaving a Rejection wick to the upside at 195.750. I’ll be looking for potential Buys above 192.800 targeting 30min Resistance at 191.500 and the Hourly Resistance around 194.330. I’ll be looking for potential Sells below 191.900 targeting Daily Support at 191.110 and Weekly Support around 190.400. As Weekly candle coming to a close there is a good probability for the Weekly to close Bearish forming Weekly Resistance but we might see Friday Daily candle closing Bullish forming Daily Support allowing the Weekly candle to close with a wick to potentially get filled for next week.