GBPJPY Technical Analysis 08.01.2024 1h chart
– Previous Weekly candle closed strong Bullish around 183.720 forming Weekly Support around 179.460, Friday Daily candle closed small Bullish as price overall ranged during the Asian, London and New York session.
– Buys on close above 184.270 targeting previous Daily Support formed on 8th November 2023 around 184.830, Leaving Runners to the 4h previous Support formed on 5th December 2023 around 185.280.
– Sells on close below 183.350 targeting 15min Support formed around 182.820, Leaving Runners to the 4h previous Resistance formed on 20th November 2023 around 182.340.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.
– Buys on close above 184.270 targeting previous Daily Support formed on 8th November 2023 around 184.830, Leaving Runners to the 4h previous Support formed on 5th December 2023 around 185.280.
– Sells on close below 183.350 targeting 15min Support formed around 182.820, Leaving Runners to the 4h previous Resistance formed on 20th November 2023 around 182.340.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.