GBPJPY Technical Analysis 07.11.2023 1h chart
– Previous Daily candle closed Bullish at 185.180 leaving a Rejection wick around 185.970.
– Buys on close above 185.570 targeting 1h Resistance around 185.910, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.420.
– Sells on close below 185.030 targeting 1h Support formed around 184.730, Leaving Runners to the Monthly previous Resistance formed on September 2023 around 184.350.
– There is a high probability for the weekly candle to break its own low to form a bottom wick as the Monday Daily candle rejects the upside.
– Buys on close above 185.570 targeting 1h Resistance around 185.910, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.420.
– Sells on close below 185.030 targeting 1h Support formed around 184.730, Leaving Runners to the Monthly previous Resistance formed on September 2023 around 184.350.
– There is a high probability for the weekly candle to break its own low to form a bottom wick as the Monday Daily candle rejects the upside.
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