GBPJPY Technical Analysis 28.08.2023 1h chart
– Previous Weekly candle closed Bearish at 184.040 forming Weekly Resistance at 185.040, Friday Daily candle closed small Bullish forming Support around 183.730.
– Buys on close above 184.370 targeting 4h Resistance at 184.640, Leaving Runners to the previous Daily Support formed on 21st August 2023 at 185.040.
– Sells on close below 183.880 targeting 4h Support at 183.480, Leaving Runners to the previous Daily Resistance formed on 2nd August 2023 at 183.080.
– Starting the week with a Summer Bank Holiday this Monday, Price could possibly range due to a decrease in market participation as UK banks will be closed.
– Buys on close above 184.370 targeting 4h Resistance at 184.640, Leaving Runners to the previous Daily Support formed on 21st August 2023 at 185.040.
– Sells on close below 183.880 targeting 4h Support at 183.480, Leaving Runners to the previous Daily Resistance formed on 2nd August 2023 at 183.080.
– Starting the week with a Summer Bank Holiday this Monday, Price could possibly range due to a decrease in market participation as UK banks will be closed.
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