GBPJPY Technical Analysis 06.07.2023 1h chart
– Previous Daily candle closed small Bullish at 183.730 as Daily still consolidating within current Daily Range.
– Buys on close above 183.960 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 183.460 targeting 1h Support formed at 183.160, Leaving Runners to the 4h previous Resistance formed on 29th June 2023 at 182.860.
– Overall price still ranging within the 4h and Hourly timeframe so ideally is to wait for strong confirmation for either Buys or Sells.
– Buys on close above 183.960 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 183.460 targeting 1h Support formed at 183.160, Leaving Runners to the 4h previous Resistance formed on 29th June 2023 at 182.860.
– Overall price still ranging within the 4h and Hourly timeframe so ideally is to wait for strong confirmation for either Buys or Sells.
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