GBPJPY Technical Analysis 22.01.2024 1h chart
– Previous Weekly candle closed strong Bullish around 188.130 tapping into Weekly Resistance formed on 27th November 2023, Friday Daily candle closed Doji Bearish forming Daily Resistance around 188.230 leaving a Rejection wick to the upside around 188.940.
– Buys on close above 188.300 targeting 4h Resistance formed around 188.770, Leaving Runners to the previous Weekly Support formed on 13th July 2015 around 189.330.
– Sells on close below 187.690 targeting 4h Support formed around 187.380, Leaving Runners to the previous Monthly Resistance formed in December last year (2023) around 187.000.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.
– Buys on close above 188.300 targeting 4h Resistance formed around 188.770, Leaving Runners to the previous Weekly Support formed on 13th July 2015 around 189.330.
– Sells on close below 187.690 targeting 4h Support formed around 187.380, Leaving Runners to the previous Monthly Resistance formed in December last year (2023) around 187.000.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.
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.