GBPJPY Technical Analysis 04.09.2023 1h chart
– Previous Weekly candle closed weak Bearish at 183.940 respecting recent Weekly Resistance, Friday Daily candle closed small bearish respecting Daily Support formed on Friday 25th August 2023.
– Buys on close above 184.450 targeting Weekly Resistance formed at 184.900, Leaving Runners to the 1h Resistance formed around 185.290.
– Sells on close below 183.690 targeting a potential a Weekly Wick Fill around 183.350, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.050.
– Ideally is to allow the Asian session to consolidate forming new Price Action for the week ahead, More likely to see volume during London session leading to Pre New York session.
– Buys on close above 184.450 targeting Weekly Resistance formed at 184.900, Leaving Runners to the 1h Resistance formed around 185.290.
– Sells on close below 183.690 targeting a potential a Weekly Wick Fill around 183.350, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.050.
– Ideally is to allow the Asian session to consolidate forming new Price Action for the week ahead, More likely to see volume during London session leading to Pre New York session.
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