GBPJPY Technical Analysis 19.07.2022 1h chart
– Previous Daily candle closed Bullish at 165.080 leaving 100 Pip top wick to possibly get filled on Tuesday’s trading day following the overall Bullish market structure from the Monthly to the Weekly, Also the current Monthly candle broke its own High on Monday so the Rejection wick on the previous Daily candle could be the pullback to retest the broken current Monthly level at 165.180.
– Buys on a close above 165.200 targeting 4h Resistance leaving runners to 4h Resistance at 1565.680 leaving Runners to Daily Resistance / Previous Daily Wick Fill.
– Sells on close below 164.790 targeting 4h Strong Support at 164.120 leaving Runners to next 4h Support at 163.640.
– The Overall market structure has still held the Bullish Momentum as the current price is about to flip Bullish on the Monthly timeframe.
– Previous Daily candle closed Bullish at 165.080 leaving 100 Pip top wick to possibly get filled on Tuesday’s trading day following the overall Bullish market structure from the Monthly to the Weekly, Also the current Monthly candle broke its own High on Monday so the Rejection wick on the previous Daily candle could be the pullback to retest the broken current Monthly level at 165.180.
– Buys on a close above 165.200 targeting 4h Resistance leaving runners to 4h Resistance at 1565.680 leaving Runners to Daily Resistance / Previous Daily Wick Fill.
– Sells on close below 164.790 targeting 4h Strong Support at 164.120 leaving Runners to next 4h Support at 163.640.
– The Overall market structure has still held the Bullish Momentum as the current price is about to flip Bullish on the Monthly timeframe.