GBPJPY Technical Analysis 21.11.2023 1h chart
– Previous Daily candle closed strong Bearish around 185.470 retesting Daily consolidation zone formed couple of weeks ago.
– Buys on close above 185.670 targeting 1h Resistance formed around 186.090, Leaving Runners to the 4h Resistance formed around 186.460.
– Sells on close below 185.180 targeting 1h Support formed around 184.800, Leaving Runners to the 1h previous Monthly Resistance formed in September 2023 around 184.360.
– There could be a potential Daily Support to be formed around 184.500 level before the continuation to the downside.
– Buys on close above 185.670 targeting 1h Resistance formed around 186.090, Leaving Runners to the 4h Resistance formed around 186.460.
– Sells on close below 185.180 targeting 1h Support formed around 184.800, Leaving Runners to the 1h previous Monthly Resistance formed in September 2023 around 184.360.
– There could be a potential Daily Support to be formed around 184.500 level before the continuation to the downside.