GBPJPY Technical Analysis 17.11.2023 1h chart
– Previous Daily candle closed Bearish around 187.050 respecting the weak Daily Resistance formed on Wednesday.
– Buys on close above 187.610 targeting Daily Resistance formed around 187.900, Leaving Runners to the 4h Resistance formed around 188.180.
– Sells on close below 186.830 targeting 1h Support formed around 186.230, Leaving Runners to the previous Daily Resistance formed on 31st August 2023 around 185.690.
– High Impact News ahead for the Pound Sterling at the Pre London session open, Retail Sales m/m forecasted at 0.5%, previously was -0.9%, High Volatility expected at the London session open.
– Buys on close above 187.610 targeting Daily Resistance formed around 187.900, Leaving Runners to the 4h Resistance formed around 188.180.
– Sells on close below 186.830 targeting 1h Support formed around 186.230, Leaving Runners to the previous Daily Resistance formed on 31st August 2023 around 185.690.
– High Impact News ahead for the Pound Sterling at the Pre London session open, Retail Sales m/m forecasted at 0.5%, previously was -0.9%, High Volatility expected at the London session open.