GBPJPY Technical Analysis 30.10.2023 1h chart
– Previous Weekly candle closed Bearish at 181.280 forming Weekly Resistance around 182.180 within the Weekly Range, Friday Daily candle also closed Bearish breaking below recent Daily Support.
– Buys on close above 181.460 targeting 1h Resistance formed around 181.810, Leaving Runners to the next Hourly Resistance formed around 182.070.
– Sells on close below 181.040 targeting Weekly Support formed around 180.660, Leaving Runners to the Weekly Support formed on 4th October 2023 around 180.210.
– Ideally is to allow price to consolidate during the Asian session to set up new range for the new Weekly candle and wait for High Volume time for London / NY session.
– Buys on close above 181.460 targeting 1h Resistance formed around 181.810, Leaving Runners to the next Hourly Resistance formed around 182.070.
– Sells on close below 181.040 targeting Weekly Support formed around 180.660, Leaving Runners to the Weekly Support formed on 4th October 2023 around 180.210.
– Ideally is to allow price to consolidate during the Asian session to set up new range for the new Weekly candle and wait for High Volume time for London / NY session.
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