GBPJPY Technical Analysis 24.03.2023 1h chart
– Previous Daily candle closed Bearish at 160.670 within the recent Daily Support level, respecting recent Daily Resistance formed on Wednesday.
– Buys on close above 161.070 targeting 1h Resistance at 161.650, Leaving Runners to the Daily previous Strong Support formed at 162.200.
– Sells on close below 160.240 targeting 4h Support at 159.840 filling the previous Daily bottom wick, Leaving Runners to the Daily previous Resistance formed on 10th February 2023 at 159.350.
– Retail Sales m/m data report to be released 1hour before London open, We also have Flash Manufacturing PMI and Flash Services PMI data to be released during the London session.
– Buys on close above 161.070 targeting 1h Resistance at 161.650, Leaving Runners to the Daily previous Strong Support formed at 162.200.
– Sells on close below 160.240 targeting 4h Support at 159.840 filling the previous Daily bottom wick, Leaving Runners to the Daily previous Resistance formed on 10th February 2023 at 159.350.
– Retail Sales m/m data report to be released 1hour before London open, We also have Flash Manufacturing PMI and Flash Services PMI data to be released during the London session.