GBPJPY Technical Analysis 21.08.2023 1h chart
– Previous Weekly candle closed Bullish around 185.040 leaving a Rejection at 186.490 as price approach strong Monthly Resistance formed in November 2015, Friday Daily candle closed Bearish respecting Daily Resistance formed on Thursday last week.
– Buys on close above 185.290 targeting 1h Resistance formed at 185.670, Leaving Runners to the Daily Resistance formed at 186.250
– Sells on close below 184.560 targeting 4h Resistance formed on 14th August 2023 at 184.060, Leaving Runners to the 4h Support formed at 183.610.
– Ideally is to allow the Asian session to form new Price Action for the new Weekly candle and wait for a higher probability set up around Pre London session.
– Buys on close above 185.290 targeting 1h Resistance formed at 185.670, Leaving Runners to the Daily Resistance formed at 186.250
– Sells on close below 184.560 targeting 4h Resistance formed on 14th August 2023 at 184.060, Leaving Runners to the 4h Support formed at 183.610.
– Ideally is to allow the Asian session to form new Price Action for the new Weekly candle and wait for a higher probability set up around Pre London session.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.