GBPJPY Technical Analysis 11.05.2023 1h chart
– Previous Daily candle closed Bearish at 169.490 forming new Daily Resistance at 170.600.
– Buys on close above 169.830 targeting 4h previous Support formed at 170.150, Leaving Runners to the recent Daily Resistance formed on Wednesday 10th May 2023 at 170.600.
– Sells on close below 169.110 targeting Daily Support at 168.740, Leaving Runners to the 1h Support formed at 168.230.
– High Impact News ahead for the Pound Sterling as Bank Of England decide on the new Bank Rate set by the MPC, News to expect as follow : BOE Monetary Policy Report, MPC Official Bank Rate Votes, Monetary Policy Summary, Official Bank Rate followed by Bank Of England Governor Andrew Bailey speech shortly after the release.
– Buys on close above 169.830 targeting 4h previous Support formed at 170.150, Leaving Runners to the recent Daily Resistance formed on Wednesday 10th May 2023 at 170.600.
– Sells on close below 169.110 targeting Daily Support at 168.740, Leaving Runners to the 1h Support formed at 168.230.
– High Impact News ahead for the Pound Sterling as Bank Of England decide on the new Bank Rate set by the MPC, News to expect as follow : BOE Monetary Policy Report, MPC Official Bank Rate Votes, Monetary Policy Summary, Official Bank Rate followed by Bank Of England Governor Andrew Bailey speech shortly after the release.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.