GBPJPY Technical Analysis 08.06.2022 1h chart
– Another Daily candle closed strong Bullish at 166.850 tapping into the Daily Resistance area around 167.250.
– Buys on close above 167.110 targeting Daily / 4h Resistance at 167.500 leaving Runners to 1h strong Resistance around 167.820.
– Sells on close below 166.620 targeting 4h previous Resistance at 166.130 leaving Runners to 4h Support at 165.810.
– As the price pushed through the clean traffic on the Daily since the opening of the current Weekly candle, it would be interesting to see if the price would hold and respect the Daily Resistance around 167.500 or would it break it and keep pushing through.
– Another Daily candle closed strong Bullish at 166.850 tapping into the Daily Resistance area around 167.250.
– Buys on close above 167.110 targeting Daily / 4h Resistance at 167.500 leaving Runners to 1h strong Resistance around 167.820.
– Sells on close below 166.620 targeting 4h previous Resistance at 166.130 leaving Runners to 4h Support at 165.810.
– As the price pushed through the clean traffic on the Daily since the opening of the current Weekly candle, it would be interesting to see if the price would hold and respect the Daily Resistance around 167.500 or would it break it and keep pushing through.