GBPJPY Technical Analysis 27.12.2023 1h chart
– Previous Daily candle closed small Bullish around 181.060 respecting Daily Support formed on Friday 22nd December 2023.
– Buys on close above 181.310 targeting 1h previous Resistance formed on 20th December 2023 around 181.810, Leaving Runners to the 4h Resistance formed around 182.330.
– Sells on close below 180.670 targeting Daily Support formed on 22nd December 2023 around 180.250, Leaving Runners to the next Daily Support formed on 4th December 2023 around 179.920.
– 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 181.310 targeting 1h previous Resistance formed on 20th December 2023 around 181.810, Leaving Runners to the 4h Resistance formed around 182.330.
– Sells on close below 180.670 targeting Daily Support formed on 22nd December 2023 around 180.250, Leaving Runners to the next Daily Support formed on 4th December 2023 around 179.920.
– 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).