GBPJPY Technical Analysis 31.05.2023 1h chart
– Previous Daily candle closed Doji Bullish at 173.480 as Daily rejects the 173.300 area.
– Buys on close above 173.290 targeting 30min Resistance at 174.290, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.600.
– Sells on close below 173.110 targeting 1h previous Resistance formed on Thursday 25th May 2023 at 172.730, Leaving Runners to the 1h strong Support formed at 172.280.
– Targets for Sells remained the same as the Analysis posted yesterday as price respected the 1h Support around 173.100.
– Buys on close above 173.290 targeting 30min Resistance at 174.290, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.600.
– Sells on close below 173.110 targeting 1h previous Resistance formed on Thursday 25th May 2023 at 172.730, Leaving Runners to the 1h strong Support formed at 172.280.
– Targets for Sells remained the same as the Analysis posted yesterday as price respected the 1h Support around 173.100.
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