GBPJPY Technical Analysis 07.06.2023 1h chart
– Previous Daily candle closed Bearish at 173.420 leaving a Rejection wick to the downside around 172.680.
– Buys on close above 173.780 targeting Daily Resistance at 174.130, Leaving Runners to the 30min Resistance formed around 174.370.
– Sells on close below 173.100 targeting 30min Support at 172.760, Leaving Runners to the 4h Support formed around 172.300.
– Despite Daily closing Bearish price keeps on rejecting the Downside and retracing back closing above the recent Daily Support formed on Thursday 1st June 2023.
– Buys on close above 173.780 targeting Daily Resistance at 174.130, Leaving Runners to the 30min Resistance formed around 174.370.
– Sells on close below 173.100 targeting 30min Support at 172.760, Leaving Runners to the 4h Support formed around 172.300.
– Despite Daily closing Bearish price keeps on rejecting the Downside and retracing back closing above the recent Daily Support formed on Thursday 1st June 2023.
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