GBPJPY Technical Analysis 11.09.2023 1h chart
– Previous Weekly candle closed weak Bullish at 184.130 forming weak Weekly Support at 183.960, Friday Daily candle closed Bullish forming Support at 183.670.
– Buys on close above 184.400 targeting 1h Resistance at 184.730, Leaving Runners to the next 1h Resistance formed at 185.180.
– Sells on close below 183.790 targeting 4h Support at 183.490, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.060.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for the Pre London / London session for decent volume.
- Unfortunately market open has gapped down, still posting this as price could possibly retrace back and in the range and break the lows to retest the current weekly low.
– Buys on close above 184.400 targeting 1h Resistance at 184.730, Leaving Runners to the next 1h Resistance formed at 185.180.
– Sells on close below 183.790 targeting 4h Support at 183.490, Leaving Runners to the Daily previous Resistance formed on 2nd August 2023 at 183.060.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for the Pre London / London session for decent volume.
- Unfortunately market open has gapped down, still posting this as price could possibly retrace back and in the range and break the lows to retest the current weekly low.
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