GBPJPY Technical Analysis 17.07.2023 1h chart
– Previous Weekly candle closed weak Bearish at 181.660 respecting the recent Weekly Resistance formed at 183.170, Friday Daily candle closed Bullish respecting Thursday Daily Support formed at 179.810.
– Buys on close above 182.140 targeting previous Daily Support formed on 30th June 2023 at 182.500, Leaving Runners to the 4h Resistance formed at 183.170.
– Sells on close below 181.380 targeting 30min Support formed at 180.730, Leaving Runners to the next 30min Support formed at 180.460.
– Ideally is to allow the Asian session to form a new range on the lower timeframe and have a strong confirmation around Pre London / London open leading to New York session.
– Buys on close above 182.140 targeting previous Daily Support formed on 30th June 2023 at 182.500, Leaving Runners to the 4h Resistance formed at 183.170.
– Sells on close below 181.380 targeting 30min Support formed at 180.730, Leaving Runners to the next 30min Support formed at 180.460.
– Ideally is to allow the Asian session to form a new range on the lower timeframe and have a strong confirmation around Pre London / London open leading to New York session.
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