GBPJPY Technical Analysis 07.07.2023 1h chart
– Previous Daily candle closed Bearish at 183.480 forming Daily Resistance at 183.730 as price still ranging within the Daily timeframe.
– Buys on close above 183.850 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.030 targeting 1h Support formed at 182.650, Leaving Runners to the 1h Strong Support formed at 182.390.
– Overall price is still consolidating within the Daily and 4h Range, Ideally is to wait for a strong confirmation before taking any positions.
– Buys on close above 183.850 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.030 targeting 1h Support formed at 182.650, Leaving Runners to the 1h Strong Support formed at 182.390.
– Overall price is still consolidating within the Daily and 4h Range, Ideally is to wait for a strong confirmation before taking any positions.
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