GBPJPY Technical Analysis 16.01.2024 1h chart
– Previous Daily candle closed Bullish around 185.400 rejecting Daily Resistance formed on Thursday 11th January 2024 around 185.700, Forming Daily Support around 184.680.
– Buys on close above 185.900 targeting previous 4h Support formed on 30th November 2023 around 186.430, Leaving Runners to the previous Daily Support formed on 30th November 2023 aswell around 186.840.
– Sells on close below 185.160 targeting Daily Support around 184.680, Leaving Runners to the previous 4h Resistance formed on 4th January 2024 around 184.180.
– High Impact News ahead for the Pound Sterling prior to London session open, starting with Claimant Count Change an Average Earnings Index 3m/y, During New York session overlap, Bank Of England Governor Andrew Bailey due to testify on the UK Economy before the Lords Economic Affairs Committee in London, High Volatility expected.
– Buys on close above 185.900 targeting previous 4h Support formed on 30th November 2023 around 186.430, Leaving Runners to the previous Daily Support formed on 30th November 2023 aswell around 186.840.
– Sells on close below 185.160 targeting Daily Support around 184.680, Leaving Runners to the previous 4h Resistance formed on 4th January 2024 around 184.180.
– High Impact News ahead for the Pound Sterling prior to London session open, starting with Claimant Count Change an Average Earnings Index 3m/y, During New York session overlap, Bank Of England Governor Andrew Bailey due to testify on the UK Economy before the Lords Economic Affairs Committee in London, High Volatility expected.