GBPJPY Technical Analysis 13th February 2024 1h chart

– Monday Daily candle closed weak Bullish with a Rejection wick to the downside as price still trading within the recent 4h range. I’ll be looking for potential Buys above 188.720 to fill the previous Monthly high (January) at 188.940, to then potentially retest the previous Weekly Support formed in July 2015 around 189.320. I’ll be looking for potential Sells below 188.130 targeting 1h strong Support held around 187.760 and next 1h Support around 187.400. Targets for both Buys and Sells remains small due to price ranging on the 4h timeframe but once price break out of the current consolidation zone we will have a much bigger targets.