GBPJPY Technical Analysis 20th February 2024 1h chart

– Monday Daily candle closed weak Bearish as price ranged overall on the 4h timeframe within the no trade zone so the analysis will remain the same as the one posted yesterday. I’ll be looking for potential Buys above 189.470 targeting recent Daily Resistance at 189.820 and previous Weekly Support held back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and strong 1h Support around 187.920. Ideally is to allow the Asian session to form a new range for the week ahead and wait for a much better confirmation around the London session.