GBPJPY Technical Analysis 13.12.2023 1h chart
– Previous Daily candle closed Bearish around 182.650 forming Daily Resistance around 183.440 as price respect the previous Daily Support formed on 2nd November 2023.
– Buys on close above 183.000 targeting 1h Resistance formed around 183.250, Leaving Runners to the Daily Resistance formed around 183.500.
– Sells on close below 182.430 targeting 1h previous Resistance formed on 8th December 2023 around 181.960, Leaving Runners to the Daily Support formed on Friday 8th December 2023 around 181.430.
– There is a higher probability for price to retest the recent strong Weekly Support knowing that Daily Resistance has been formed which means the current Weekly high formed aswell, Sells are more likely to play out.
– Buys on close above 183.000 targeting 1h Resistance formed around 183.250, Leaving Runners to the Daily Resistance formed around 183.500.
– Sells on close below 182.430 targeting 1h previous Resistance formed on 8th December 2023 around 181.960, Leaving Runners to the Daily Support formed on Friday 8th December 2023 around 181.430.
– There is a higher probability for price to retest the recent strong Weekly Support knowing that Daily Resistance has been formed which means the current Weekly high formed aswell, Sells are more likely to play out.