GBPJPY Technical Analysis 03.07.2023 1h chart
– Previous Monthly and Weekly candle (June) closed Bullish at 183.170, Friday Daily candle also closed Bullish forming Daily Support at 182.490.
– Buys on close above 183.760 targeting Daily previous Support formed on 3rd December 2015 at 184.240, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.010 targeting Daily Support formed at 182.440, Leaving Runners to the 4h Support formed at 182.160.
– Ideally is to allow the Asian session to consolidate forming new Range for the new Monthly, Weekly and Daily candle and wait for a good confirmation setup during the London / New York session.
– Buys on close above 183.760 targeting Daily previous Support formed on 3rd December 2015 at 184.240, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.010 targeting Daily Support formed at 182.440, Leaving Runners to the 4h Support formed at 182.160.
– Ideally is to allow the Asian session to consolidate forming new Range for the new Monthly, Weekly and Daily candle and wait for a good confirmation setup during the London / New York session.
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