GBPJPY Technical Analysis 14.12.2023 1h chart
– Previous Daily candle closed strong Bearish around 180.210 breaking below recent Daily Support formed last Friday 8th December 2023.
– Buys on close above 180.750 targeting previous Weekly Support formed on 30th October 2023 around 181.280, Leaving Runners to the 1h Resistance formed around 181.830.
– Sells on close below 179.920 targeting 15min previous Resistance formed on 28th July 2023 around 179.250, Leaving Runners to the previous Weekly Low targeting a potential Wick Fill around 178.520.
– High Impact News ahead for the Pound Sterling as Bank Of England review interest rate. Monetary Policy Summary, MPC Official Bank Rate Votes and the Official Bank Rate decision forecasted to maintain at 5.25%. high volatility expected.
– Buys on close above 180.750 targeting previous Weekly Support formed on 30th October 2023 around 181.280, Leaving Runners to the 1h Resistance formed around 181.830.
– Sells on close below 179.920 targeting 15min previous Resistance formed on 28th July 2023 around 179.250, Leaving Runners to the previous Weekly Low targeting a potential Wick Fill around 178.520.
– High Impact News ahead for the Pound Sterling as Bank Of England review interest rate. Monetary Policy Summary, MPC Official Bank Rate Votes and the Official Bank Rate decision forecasted to maintain at 5.25%. high volatility expected.