GBPJPY 21/10/2022
So we are still ranging in between 169.313 as resistance & 167.574 as support. Also we have a shorter TF resistance level formed in between the ranging zone at 168.667.
Now if price closes below the support at 167.563 on 30m TF then we can expect price to continue pushing down to the next support level at 166.972 or all the to 165.601.
Similarly if price closes above the recent resistance at 168.667, then price might continue pushing up to the next key zone on the long side at 169.324 or all the way to 170.071 as shown in the chart.
Now if price closes below the support at 167.563 on 30m TF then we can expect price to continue pushing down to the next support level at 166.972 or all the to 165.601.
Similarly if price closes above the recent resistance at 168.667, then price might continue pushing up to the next key zone on the long side at 169.324 or all the way to 170.071 as shown in the chart.
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