GBPJPY Technical Analysis 14.07.2023 1h chart
– Previous Daily candle closed Bullish at 181.340 forming Daily Support at 179.800.
– Buys on close above 181.450 targeting 1h Resistance at 181.760, Leaving Runners to the Daily previous Support formed on 30th June 2023 at 182.260.
– Sells on close below 180.800 targeting 30min Support formed at 180.440, Leaving Runners to the 1h Support formed at 180.020.
– As the Daily formed Support on Thursday closing above the Daily previous Support formed 21st June 2023, There is a good probability of the Friday Daily candle respecting recent Daily Support and closing Bullish.
– Buys on close above 181.450 targeting 1h Resistance at 181.760, Leaving Runners to the Daily previous Support formed on 30th June 2023 at 182.260.
– Sells on close below 180.800 targeting 30min Support formed at 180.440, Leaving Runners to the 1h Support formed at 180.020.
– As the Daily formed Support on Thursday closing above the Daily previous Support formed 21st June 2023, There is a good probability of the Friday Daily candle respecting recent Daily Support and closing Bullish.
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