GBPJPY Technical Analysis 09.01.2024 1h chart
– Previous Daily candle closed small Bullish around 183.800 as price continues to trade within the 4h range.
– Buys on close above 184.170 targeting 4h previous Support formed on 8th November 2023 around 184.620, Leaving Runners to the next 4h previous Support area formed on 21st November 2023 around 184.950.
– Sells on close below 183.400 targeting 4h Support formed around 183.090, Leaving Runners to the 1h previous Resistance formed on 20th December 2023 around 182.670.
– Ideally is to wait for price to break out of the Range during high volume time as price continue to range.
– Buys on close above 184.170 targeting 4h previous Support formed on 8th November 2023 around 184.620, Leaving Runners to the next 4h previous Support area formed on 21st November 2023 around 184.950.
– Sells on close below 183.400 targeting 4h Support formed around 183.090, Leaving Runners to the 1h previous Resistance formed on 20th December 2023 around 182.670.
– Ideally is to wait for price to break out of the Range during high volume time as price continue to range.