GBPJPY Technical Analysis 29.08.2023 1h chart
– Previous Daily candle closed Bullish at 184.580 respecting Daily Support formed on Friday last week.
– Buys on close above 184.780 targeting 30min Resistance formed at 185.080, Leaving Runners to the 4h previous Support formed on 23rd August 2023 at 185.480.
– Sells on close below 184.260 targeting 4h Support formed at 184.030, Leaving Runners to the Daily Support formed at 183.720.
– Despite the Monday Daily candle being Bullish price ranged for most of the sessions, Ideally is to wait for high volume time to have a strong confirmation.
– Buys on close above 184.780 targeting 30min Resistance formed at 185.080, Leaving Runners to the 4h previous Support formed on 23rd August 2023 at 185.480.
– Sells on close below 184.260 targeting 4h Support formed at 184.030, Leaving Runners to the Daily Support formed at 183.720.
– Despite the Monday Daily candle being Bullish price ranged for most of the sessions, Ideally is to wait for high volume time to have a strong confirmation.
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