GBPJPY Technical Analysis 29.05.2023 1h chart
– Previous Weekly candle closed Bullish at 173.510 closing above Weekly Resistance formed on 1st week of February 2016, Friday Daily candle also closed Bullish breaking out of the recent Daily Consolidation zone.
– Buys on close above 173.750 targeting Daily Resistance formed on 2nd February 2016 at 174.550, Leaving Runners to the Weekly Rejection wick formed on 1st February 2016 at 175.020.
– Sells on close below 173.200 targeting 1h previous Resistance formed at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280.
– Monday Bank Holiday in observance of the Summer Bank Holiday, Volume may be lower than usual as UK Banks will be closed.
– Buys on close above 173.750 targeting Daily Resistance formed on 2nd February 2016 at 174.550, Leaving Runners to the Weekly Rejection wick formed on 1st February 2016 at 175.020.
– Sells on close below 173.200 targeting 1h previous Resistance formed at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280.
– Monday Bank Holiday in observance of the Summer Bank Holiday, Volume may be lower than usual as UK Banks will be closed.
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