GBPJPY Technical Analysis 09.06.2022 1h chart
– Another Daily candle closing Strong Bullish at 168.180 above the Daily Resistance formed on (20.04.2022) breaking the Monthly High (April 2022) and the All-Time High from 6 years ago.
– Buys on close above 168.540 targeting previous Daily Support formed on (28.01.2016) at 168.860 leaving Runners to 4h previous Resistance formed on (14.01.2016) at 169.500.
– Sells on close below 167.970 targeting 1h Support / Daily Resistance formed on (20.04.2022) at 167.600 leaving Runners to next 1h Support / Daily Resistance formed on (22.04.2022) at 167.220.
– 169 is a very strong level on the Monthly as price has consolidated for months from December 2013 till August 2014 so there is a possibility that the current price could reject this level (169) and form Resistance either on the Daily or the Weekly to retest the previous broken Resistances to have another retest of the current High.
– Another Daily candle closing Strong Bullish at 168.180 above the Daily Resistance formed on (20.04.2022) breaking the Monthly High (April 2022) and the All-Time High from 6 years ago.
– Buys on close above 168.540 targeting previous Daily Support formed on (28.01.2016) at 168.860 leaving Runners to 4h previous Resistance formed on (14.01.2016) at 169.500.
– Sells on close below 167.970 targeting 1h Support / Daily Resistance formed on (20.04.2022) at 167.600 leaving Runners to next 1h Support / Daily Resistance formed on (22.04.2022) at 167.220.
– 169 is a very strong level on the Monthly as price has consolidated for months from December 2013 till August 2014 so there is a possibility that the current price could reject this level (169) and form Resistance either on the Daily or the Weekly to retest the previous broken Resistances to have another retest of the current High.