GBPJPY Technical Analysis 28.12.2023 1h chart
– Previous Daily candle closed weak Bullish around 181.350 leaving a huge Rejection wick to the upside.
– Buys on close above 182.150 targeting 1h Resistance which could potentially become a previous Daily Wick Fill around 182.150, Leaving Runners to the 1h Resistance formed around 182.680.
– Sells on close below 181.030 targeting 1h Strong Support formed around 180.670, Leaving Runners to the Daily Support formed on Friday 22nd December 2023 around 180.240.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
– Buys on close above 182.150 targeting 1h Resistance which could potentially become a previous Daily Wick Fill around 182.150, Leaving Runners to the 1h Resistance formed around 182.680.
– Sells on close below 181.030 targeting 1h Strong Support formed around 180.670, Leaving Runners to the Daily Support formed on Friday 22nd December 2023 around 180.240.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).