GBPJPY BULLISH
Previous Daily candle broke and closed above the most recent Daily Resistance formed on (24.05.2022).
– Buys on close above 161.540 targeting 4h Resistance at 161.840 leaving Runners to 4h previous Support from (05.05.2022) at around 162.180.
– Sells on close below 161.240 leaving Runners to Daily previous Resistance formed on (24.05.2022) at around 160.980 leaving Runners to 4h previous Resistance formed on (26.05.2022) at around 160.650.
– As the Monthly candle coming to a close price could possibly consolidate so waiting for Volume and confirmation is a must on top of applying risk management when having positions open.
– Buys on close above 161.540 targeting 4h Resistance at 161.840 leaving Runners to 4h previous Support from (05.05.2022) at around 162.180.
– Sells on close below 161.240 leaving Runners to Daily previous Resistance formed on (24.05.2022) at around 160.980 leaving Runners to 4h previous Resistance formed on (26.05.2022) at around 160.650.
– As the Monthly candle coming to a close price could possibly consolidate so waiting for Volume and confirmation is a must on top of applying risk management when having positions open.
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