GBPJPY Technical Analysis 30.08.2023 1h chart
– Previous Daily candle closed Bearish at 184.370 forming Daily Resistance around 184.600 leaving a Rejection to the upside.
– Buys on close above 184.600 targeting 30min Resistance at 180.040, Leaving Runners to the 4h previous Support formed around 185.470.
– Sells on close below 184.070 targeting Daily Support formed on Friday 25th August 2023 at 183.170, Leaving Runners to fill the previous Weekly Low around 183.350.
– The probability of price continuing bearish becomes high as the current Weekly candle has retested recent Weekly Resistance around 186.200 and the Wednesday Daily candle closed bearish with a rejection to the Upside.
– Buys on close above 184.600 targeting 30min Resistance at 180.040, Leaving Runners to the 4h previous Support formed around 185.470.
– Sells on close below 184.070 targeting Daily Support formed on Friday 25th August 2023 at 183.170, Leaving Runners to fill the previous Weekly Low around 183.350.
– The probability of price continuing bearish becomes high as the current Weekly candle has retested recent Weekly Resistance around 186.200 and the Wednesday Daily candle closed bearish with a rejection to the Upside.
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