GBPJPY Technical Analysis 18.12.2023 1h chart
– Previous Weekly candle closed Bearish around 180.070 closing below Strong Weekly Support, Friday Daily candle closed Bearish forming Daily Resistance around 181.090.
– Buys on close above 180.480 targeting 1h Resistance formed around 180.910, Leaving Runners to the previous Daily Support formed on 8th December 2023 around 181.410.
– Sells on close below 179.830 targeting 1h previous Resistance formed at 179.370, Leaving Runners to the 1h Support formed around 179.010.
– Ideally is to allow the Asian to consolidate forming a new range for the Weekly candle and anticipate to see decent volume around Pre London / London open.
– Buys on close above 180.480 targeting 1h Resistance formed around 180.910, Leaving Runners to the previous Daily Support formed on 8th December 2023 around 181.410.
– Sells on close below 179.830 targeting 1h previous Resistance formed at 179.370, Leaving Runners to the 1h Support formed around 179.010.
– Ideally is to allow the Asian to consolidate forming a new range for the Weekly candle and anticipate to see decent volume around Pre London / London open.