GBPJPY Technical Analysis 01.09.2023 1h chart
– Previous Daily candle closed strong Bearish at 184.350 forming Daily Resistance around 185.950 as the whole strong Bullish move up from Wednesday got corrected on Thursday.
– Buys on close above 184.660 targeting 1h Resistance at 185.250, Leaving Runners to the next 1h Resistance formed around 185.650.
– Sells on close below 184.060 targeting 1h Support at 183.580, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.080.
– As the current Weekly candle rejecting the Highs and respecting the Weekly Resistance formed last week, There is a good probability for current Weekly candle to fill the previous one.
– Buys on close above 184.660 targeting 1h Resistance at 185.250, Leaving Runners to the next 1h Resistance formed around 185.650.
– Sells on close below 184.060 targeting 1h Support at 183.580, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.080.
– As the current Weekly candle rejecting the Highs and respecting the Weekly Resistance formed last week, There is a good probability for current Weekly candle to fill the previous one.
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