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GBPJPY Technical Analysis 04.10.2023 1h chart

British Pound / Japanese Yen (FX:GBPJPY)  
SalimFX20  
FX:GBPJPY   British Pound / Japanese Yen
Beyond Technical Analysis GBPJPY gj Forex fx signals breakdownanalysis marketanalystsalim
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beyondta gbpjpy gj forex fx signals breakdownanalysis marketanalystsalim
– Previous Daily candle closed Bearish around 179.940 forming a huge rejection to the downside around 178.020 as Bank Of Japan carries out a currency intervention.
– Buys on close above 180.300 targeting previous 1h Support formed around 180.670, Leaving Runners to the 4h Resistance formed around 181.100.
– Sells on close below 179.620 targeting 1h previous Resistance formed around 179.020, Leaving Runners to the 1h Support formed around 178.520.
– There is a good probability for price to form a Daily Support after the Daily Rejection formed on Tuesday.
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