GBPJPY Technical Analysis 23.08.2023 1h chart– Previous Daily candle closed Bearish at 185.670 forming Daily Resistance at 186.430.
– Buys on close above 186.180 targeting 1h Strong Resistance formed at 186.550, Leaving Runners to the Weekly Rejection formed on 23rd November 2015 at 186.980.
– Sells on close below 185.480 targeting Daily / 4h Strong Support formed at 184.890, Leaving Runners to the 4h Support formed at 184.450.
– High impact news during the London session for Flash Manufacturing PMI and Flash Services PMI, High Volatility expected during the news release.
