GBPJPY Technical Analysis 19.09.2023 1h chart
– Previous Daily candle closed small Bearish at 182.690 rejecting the Upside but overall price ranged on the 4h timeframe.
– Buys on close above 183.340 targeting 4h Resistance formed around 183.850, Leaving Runners to the Daily Resistance formed around 184.180.
– Sells on close below 182.600 targeting Weekly previous Resistance formed on 24th July 2023 around 182.240, Leaving Runners to the 4h Support formed at 181.760.
– Ideally is to allow the Asian session to range and wait for a high volume time for price to break out of the current range.
– Buys on close above 183.340 targeting 4h Resistance formed around 183.850, Leaving Runners to the Daily Resistance formed around 184.180.
– Sells on close below 182.600 targeting Weekly previous Resistance formed on 24th July 2023 around 182.240, Leaving Runners to the 4h Support formed at 181.760.
– Ideally is to allow the Asian session to range and wait for a high volume time for price to break out of the current range.
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