GBPJPY Technical Analysis 27.07.2023 1h chart
– Previous Daily candle closed Bearish at 181.410 within the recent Daily Range forming a minor Resistance at 181.730.
– Buys on close above 181.860 targeting 4h Resistance at 182.280, Leaving Runners to the 1h Resistance at 182.540.
– Sells on close below 181.030 targeting 4h previous Resistance formed on 20th July 2023 at 180.570, Leaving Runners to the Daily Support formed on Friday 21st July 2023 at 180.150.
– Daily and 4h has been consolidating this week as the current Weekly candle respecting the previous Weekly High.
– Buys on close above 181.860 targeting 4h Resistance at 182.280, Leaving Runners to the 1h Resistance at 182.540.
– Sells on close below 181.030 targeting 4h previous Resistance formed on 20th July 2023 at 180.570, Leaving Runners to the Daily Support formed on Friday 21st July 2023 at 180.150.
– Daily and 4h has been consolidating this week as the current Weekly candle respecting the previous Weekly High.