GBPJPY Technical Analysis 08.12.2023 1h chart
– Previous Daily candle closed extremely Bearish around 181.390 tapping into a Strong Weekly Support held over the last 6 months.
– Buys on close above 181.700 targeting 1h Resistance around 182.370, Leaving Runners to the 30min Resistance at 183.340.
– Sells on close below 180.490 targeting 4h Support around 179.870, Leaving Runners to the 30min previous Resistance formed on 28th July 2023 around 179.120.
– As price dropped by over 640 Pip down on Thursday there is a chance that the Friday Daily candle range and form weak Support as price reacts to the Weekly Strong Support tapped on Thursday.
– Buys on close above 181.700 targeting 1h Resistance around 182.370, Leaving Runners to the 30min Resistance at 183.340.
– Sells on close below 180.490 targeting 4h Support around 179.870, Leaving Runners to the 30min previous Resistance formed on 28th July 2023 around 179.120.
– As price dropped by over 640 Pip down on Thursday there is a chance that the Friday Daily candle range and form weak Support as price reacts to the Weekly Strong Support tapped on Thursday.