GBPJPY Technical Analysis 31.03.2023 1h chart
– Previous Daily candle closed Bullish at 164.230 above Daily Resistance formed on 28th February 2023.
– Buys on close above 164.470 targeting Weekly previous Support formed on 5th December 2022 at 164.470, Leaving Runners to the 1h previous Support formed on 28th February 2023 at 165.420.
– Sells on close below 163.930 targeting 1h Support at 163.560, Leaving Runners to the 4h Support formed at 163.200.
– As the Monthly candle coming to a close it is highly recommended to wait for strong confirmations and volume sessions before taking any positions.
– Buys on close above 164.470 targeting Weekly previous Support formed on 5th December 2022 at 164.470, Leaving Runners to the 1h previous Support formed on 28th February 2023 at 165.420.
– Sells on close below 163.930 targeting 1h Support at 163.560, Leaving Runners to the 4h Support formed at 163.200.
– As the Monthly candle coming to a close it is highly recommended to wait for strong confirmations and volume sessions before taking any positions.