GBPJPY Technical Analysis 31.07.2023 1h chart
– Previous Weekly candle closed weak Bearish at 181.270 forming weak Weekly Resistance around 182.210, Friday Daily candle closed strong Bullish forming Daily Support at 178.360.
– Buys on close above 181.850 targeting Weekly Resistance formed at 182.280, Leaving Runners to the next Weekly Resistance formed at 182.920.
– Sells on close below 181.000 targeting 1h Support formed at 180.500, Leaving Runners to the 4h previous Support formed on 20th July 2023 at 180.050.
– Ideally is to allow the Asian session to consolidate forming a new Weekly Range, Price could possibly Range due to the Month of July coming to an end.
– Buys on close above 181.850 targeting Weekly Resistance formed at 182.280, Leaving Runners to the next Weekly Resistance formed at 182.920.
– Sells on close below 181.000 targeting 1h Support formed at 180.500, Leaving Runners to the 4h previous Support formed on 20th July 2023 at 180.050.
– Ideally is to allow the Asian session to consolidate forming a new Weekly Range, Price could possibly Range due to the Month of July coming to an end.
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