GBPJPY Technical Analysis 11.12.2023 1h chart
– Previous Weekly candle closed Strong Bearish around 181.870 closing just above recent Weekly Support formed at 181.270, Friday Daily candle closed small Bullish forming weak Daily Support around 181.410.
– Buys on close above 182.390 targeting previous 4h Support formed on 2nd November 2023 around 182.940, Leaving Runners to the previous Daily Support formed on 2nd November 2023 around 183.410.
– Sells on close below 181.520 targeting 4h Support formed around 180.890, Leaving Runners to the next 4h Strong Support formed around 180.440.
– Ideally is to allow the Asian session to consolidate forming a new range for the new Weekly candle ahead.
– Buys on close above 182.390 targeting previous 4h Support formed on 2nd November 2023 around 182.940, Leaving Runners to the previous Daily Support formed on 2nd November 2023 around 183.410.
– Sells on close below 181.520 targeting 4h Support formed around 180.890, Leaving Runners to the next 4h Strong Support formed around 180.440.
– Ideally is to allow the Asian session to consolidate forming a new range for the new Weekly candle ahead.