GBPJPY Technical Analysis 2nd April 2024 1h chart

– Monday Daily candle closed strong Bearish around 190.320 breaking out of the recent Daily Consolidation Zone and forming a Rejection wick to the upside. I’ll be looking for potential Buys above 190.570 targeting previous 4h Support around 190.900 and the next 4h Resistance around 191.260. I’ll be looking for potential Sells below 190.060 targeting 4h multiple Rejection point around 189.670 and the previous 4h Resistance formed on 14th March 2024 around a Monthly candle for March closed Bullish with a Rejection to the upside the rejection could possibly get filled if price doesn’t retrace or trade below 187.250 level, Price currently could be retracing on Daily timeframe in order for price to form new Monthly candle low before the continuation to the upside.