GBPJPY Technical Analysis 14th May 2024 1h chart

– Monday Daily candle closed strong Bullish at 196.150 approaching recent Weekly Resistance formed around 197.750. I’ll be looking for potential Buys above 196.280 targeting 1h previous Support formed on 1st May 2024 at 196.700 and next Hourly Resistance around 197.150. I’ll be looking for potential Sells below 195.740 targeting 4h previous Resistance formed around 195.330 leaving Runners to 1h previous Support formed around 195.000. Currently Weekly candle has been extremely Bullish without forming bottom wick, will be interesting to see if the recent Weekly Resistance gets respected.