GBPJPY Technical Analysis 29.03.2023 1h chart
– Previous Daily candle closed weak Bearish forming weak Daily Resistance around 161.540.
– Buys on close above 161.770 targeting 30min previous Support formed on 22nd March 2023 at 162.240, Leaving Runners to the next 30min previous Support formed on 22nd March 2023 at 162.600.
– Sells on close below 161.180 targeting 4h Support at 160.850, Leaving Runners to the next 4h Support formed at 160.170
– Buy targets remained the same as the Analysis posted yesterday (Tuesday) as price have respected the level of Resistance marked on the chart.
– Buys on close above 161.770 targeting 30min previous Support formed on 22nd March 2023 at 162.240, Leaving Runners to the next 30min previous Support formed on 22nd March 2023 at 162.600.
– Sells on close below 161.180 targeting 4h Support at 160.850, Leaving Runners to the next 4h Support formed at 160.170
– Buy targets remained the same as the Analysis posted yesterday (Tuesday) as price have respected the level of Resistance marked on the chart.