GBPJPY Technical Analysis 16.11.2023 1h chart
– Previous Daily candle closed Doji Bearish around 187.910 as price form a new range on the 4h timeframe.
– Buys on close above 188.250 targeting Monthly Rejection wick formed in November 2015 around 188.820, Leaving Runners to the Previous Weekly Support formed on 13th July 2015 around 189.320.
– Sells on close below 187.440 targeting previous Daily Resistance formed on 5th November 2015 around 187.000, Leaving Runners to the 1h previous Resistance formed around 186.630.
– Ideally is to allow the Asian session form a new range for the Thursday Daily candle and wait for strong confirmation during high volume time.
– Buys on close above 188.250 targeting Monthly Rejection wick formed in November 2015 around 188.820, Leaving Runners to the Previous Weekly Support formed on 13th July 2015 around 189.320.
– Sells on close below 187.440 targeting previous Daily Resistance formed on 5th November 2015 around 187.000, Leaving Runners to the 1h previous Resistance formed around 186.630.
– Ideally is to allow the Asian session form a new range for the Thursday Daily candle and wait for strong confirmation during high volume time.
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