GBPJPY Technical Analysis 30.05.2023 1h chart
– Previous Daily candle closed Doji Bearish at 173.460 forming a Rejection wick to the upside
– Buys on close above 173.600 targeting 1h Resistance at 173.940, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.550.
– Sells on close below 173.100 targeting 1h previous Resistance at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280.
– Overall price has been ranging on Monday due to UK Bank Holiday, Ideally is to wait for a better confirmation to have a higher probability winning trade.
– Buys on close above 173.600 targeting 1h Resistance at 173.940, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.550.
– Sells on close below 173.100 targeting 1h previous Resistance at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280.
– Overall price has been ranging on Monday due to UK Bank Holiday, Ideally is to wait for a better confirmation to have a higher probability winning trade.
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