GBPJPY Technical Analysis 27.11.2023 1h chart
– Previous Weekly candle closed Bullish around 188.340 filling Rejection Wick formed recently on the Weekly timeframe, Friday Daily candle closed Bullish breaking above recent Daily Resistance formed on 16th November 2023.
– Buys on close above 188.650 targeting previous Weekly Support formed on 13th July 2015 around 189.320, Leaving Runners to the Daily Rejection formed on 25th August 2015 around 190.020.
– Sells on close below 187.910 targeting 4h previous Resistance formed at 187.540, Leaving Runners to the 30min Support formed around 187.140.
– Ideally is to allow the Asian session to consolidate forming a new Range for the new Weekly candle.
– Buys on close above 188.650 targeting previous Weekly Support formed on 13th July 2015 around 189.320, Leaving Runners to the Daily Rejection formed on 25th August 2015 around 190.020.
– Sells on close below 187.910 targeting 4h previous Resistance formed at 187.540, Leaving Runners to the 30min Support formed around 187.140.
– Ideally is to allow the Asian session to consolidate forming a new Range for the new Weekly candle.