GBPJPY Technical Analysis 16.05.2023 1h chart
– Previous Daily candle closed Bullish at 170.500 tapping into the Daily Resistance formed on Wednesday 10th May 2023 and respecting Daily Support formed on Friday 12th May 2023.
– Buys on close above 170.640 targeting Weekly Resistance formed at 171.080, Leaving Runners to the 1h Resistance formed at 171.550.
– Sells on close below 169.950 targeting 30min Support at 169.540, Leaving Runners to the 15min Support formed at 169.270.
– High Impact News ahead for the UK 1h before London session opens, Claimant Count Change and Average Earnings Index 3m/y.
– Buys on close above 170.640 targeting Weekly Resistance formed at 171.080, Leaving Runners to the 1h Resistance formed at 171.550.
– Sells on close below 169.950 targeting 30min Support at 169.540, Leaving Runners to the 15min Support formed at 169.270.
– High Impact News ahead for the UK 1h before London session opens, Claimant Count Change and Average Earnings Index 3m/y.
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