GBPJPY Technical Analysis 15.05.2023 1h chart
– Previous Weekly candle closed Bearish at 168.930 respecting recent Weekly Resistance, Friday Daily candle closed Bullish forming Daily Support at 168.280.
– Buys on close above 169.160 targeting 4h Resistance at 169.630, Leaving Runners to the 4h previous Support formed on 9th May 2023 at 170.150.
– Sells on close below 168.630 targeting 1h Support at 168.340, Leaving Runners to the previous Weekly Low anticipating a Wick Fill at 167.840.
– Price could possibly respect the recent Daily Support pulling back close to the recent Daily Resistance allowing the new Weekly candle to form top wick before breaking the lows.
– Buys on close above 169.160 targeting 4h Resistance at 169.630, Leaving Runners to the 4h previous Support formed on 9th May 2023 at 170.150.
– Sells on close below 168.630 targeting 1h Support at 168.340, Leaving Runners to the previous Weekly Low anticipating a Wick Fill at 167.840.
– Price could possibly respect the recent Daily Support pulling back close to the recent Daily Resistance allowing the new Weekly candle to form top wick before breaking the lows.
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.