GBPJPY Technical Analysis 06.11.2023 1h chart
– Previous Weekly candle closed strong Bullish at 184.770 forming Strong Weekly Support around 181.280, Friday Daily candle also closed strong Bullish breaking above Daily Resistance formed on Wednesday 1st November 2023.
– Buys on close above 185.020 targeting Daily Resistance formed on 6th September 2023 around 185.540, Leaving Runners to the Daily Resistance formed on 31st August 2023 around 185.950.
– Sells on close below 184.480 targeting Daily previous Resistance formed on 1st November 2023 around 184.210, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.740.
– Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
– Buys on close above 185.020 targeting Daily Resistance formed on 6th September 2023 around 185.540, Leaving Runners to the Daily Resistance formed on 31st August 2023 around 185.950.
– Sells on close below 184.480 targeting Daily previous Resistance formed on 1st November 2023 around 184.210, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.740.
– Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
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