GBPJPY Technical Analysis 26.01.2024 1h chart
– Previous Daily candle closed Doji Bearish around 187.560 as price continues to range on the Daily and the 4h timeframe.
– Buys on close above 188.010 targeting 4h Resistance formed around 188.400, Leaving Runners to the next 4h Resistance formed around 188.780.
– Sells on close below 187.140 targeting 1h previous Resistance formed on 1st December 2023 around 186.660, Leaving Runners to the next 1h previous Resistance formed on 17th January 2024 around 186.260.
– There is a good probability for the currently Weekly candle to close Bearish forming Weekly Resistance, It is extremely important to wait for strong confirmation before opening any positions.
– Buys on close above 188.010 targeting 4h Resistance formed around 188.400, Leaving Runners to the next 4h Resistance formed around 188.780.
– Sells on close below 187.140 targeting 1h previous Resistance formed on 1st December 2023 around 186.660, Leaving Runners to the next 1h previous Resistance formed on 17th January 2024 around 186.260.
– There is a good probability for the currently Weekly candle to close Bearish forming Weekly Resistance, It is extremely important to wait for strong confirmation before opening any positions.