GBPJPY Technical Analysis 18.05.2023 1h chart
– Previous Daily candle closed strong Bullish at 171.870 breaking above Daily Resistance formed on Tuesday and forming new Daily Support around 170.200.
– Buys on close above 172.080 targeting 4h Resistance formed on 4th February 2016 at 172.350, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900.
– Sells on close below 171.530 targeting 30min Support at 171.030, Leaving Runners to the Daily previous Resistance formed on 10th May 2023 at 170.630.
– Monetary Policy Report Hearings during the London session at the UK Parliament as Bank Of England Governor Andrew Bailey and several MPC members testify on Inflation and the economic outlook.
– Buys on close above 172.080 targeting 4h Resistance formed on 4th February 2016 at 172.350, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900.
– Sells on close below 171.530 targeting 30min Support at 171.030, Leaving Runners to the Daily previous Resistance formed on 10th May 2023 at 170.630.
– Monetary Policy Report Hearings during the London session at the UK Parliament as Bank Of England Governor Andrew Bailey and several MPC members testify on Inflation and the economic outlook.
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