GBPJPY Technical Analysis 05.01.2024 1h chart
– Previous Daily candle closed strong Bullish around 183.360 closing within Daily Resistance formed on 12th December 2023.
– Buys on close above 183.720 targeting previous Monthly Resistance formed on September 2023 around 184.340, Leaving Runners to the previous Daily Support formed on 10th November 2023 around 184.900.
– Sells on close below 182.830 targeting 4h previous Resistance formed on 20th December 2023 around 182.310, Leaving Runners to the 30min Support formed around 181.860.
– There is a probability to see Daily Resistance to be formed on Friday knowing that current Weekly candle is approaching 2 previous Weekly Rejections and previous Monthly Resistance formed in September 2023.
– Buys on close above 183.720 targeting previous Monthly Resistance formed on September 2023 around 184.340, Leaving Runners to the previous Daily Support formed on 10th November 2023 around 184.900.
– Sells on close below 182.830 targeting 4h previous Resistance formed on 20th December 2023 around 182.310, Leaving Runners to the 30min Support formed around 181.860.
– There is a probability to see Daily Resistance to be formed on Friday knowing that current Weekly candle is approaching 2 previous Weekly Rejections and previous Monthly Resistance formed in September 2023.