GBPJPY Technical Analysis 12.01.2024 1h chart
– Previous Daily candle closed weak Bearish around 185.310 forming Daily Resistance around 185.710 leaving a Rejection wick to the upside.
– Buys on close above 185.890 targeting 4h previous Support formed on 23rd November 2023 around 186.390, Leaving Runners to the previous Daily Support formed on 30th November 2023 around 186.850.
– Sells on close below 185.030 targeting 30min Support around 184.470 , Leaving Runners to the 1h Support formed around 184.000.
– High Impact News ahead of the Pre London session open for the Pound Sterling, GDP m/m forecasted at 0.2% previously was-0.3%, High Volatility expected at the London session open.
– Buys on close above 185.890 targeting 4h previous Support formed on 23rd November 2023 around 186.390, Leaving Runners to the previous Daily Support formed on 30th November 2023 around 186.850.
– Sells on close below 185.030 targeting 30min Support around 184.470 , Leaving Runners to the 1h Support formed around 184.000.
– High Impact News ahead of the Pre London session open for the Pound Sterling, GDP m/m forecasted at 0.2% previously was-0.3%, High Volatility expected at the London session open.