GBPJPY Technical Analysis 08.08.2023 1h chart
– Previous Daily candle closed Strong Bullish at 182.060 forming Daily Support at 180.660.
– Buys on close above 182.500 targeting 1h Resistance formed at 183.000, Leaving Runners to the next 1h Resistance formed at 183.250.
– Sells on close below 181.910 targeting 4h previous Resistance formed on 4th August 2023 at 181.630, Leaving Runners to the 30min Support formed at 181.300.
– The current Monthly retracement could be the new Weekly forming top wick before breaking the Lows.
– Buys on close above 182.500 targeting 1h Resistance formed at 183.000, Leaving Runners to the next 1h Resistance formed at 183.250.
– Sells on close below 181.910 targeting 4h previous Resistance formed on 4th August 2023 at 181.630, Leaving Runners to the 30min Support formed at 181.300.
– The current Monthly retracement could be the new Weekly forming top wick before breaking the Lows.