GBPJPY Technical Analysis 01.12.2021 1h chart

Previous Daily Candle closed Bearish tapping Daily/Monthly Support at 149.830 leaving a Wick that could Possibly get filled with the current Daily Candle, Price could reject the 149.800 Area again due to Strong Monthly Support.

For Buys ideally is to wait for price to have a Strong confirmation close above 151.200 (4h Support) as the overall Market Structure is Bearish based on the Daily Time Frame.

News : Bank of England Governor Andrew Bailey holding Speech at the Institute and Faculty of Actuaries ”Delivering Policyholder Protection in Insurance Regulation”