GBPJPY Technical Analysis 04.01.2024 1h chart
– Previous Daily candle closed strong Bullish around 181.450 breaking and closing above recent Daily Resistance, Forming new Daily Support around 179.170.
– Buys on close above 181.750 targeting previous Monthly Support formed in October last year (2023) around 182.330, Leaving Runners to the Daily Resistance formed on 20th December 2023 around 183.080.
– Sells on close below 180.840 targeting 4h previous Resistance formed on 29th December 2023 around 180.400, Leaving Runners to the 30min Support formed around 180.000.
– Despite the Wednesday Daily candle being extremely Bullish, the Push up on price could be the new Monthly candle forming a top wick before breaking the low to continue Bearish.
– Buys on close above 181.750 targeting previous Monthly Support formed in October last year (2023) around 182.330, Leaving Runners to the Daily Resistance formed on 20th December 2023 around 183.080.
– Sells on close below 180.840 targeting 4h previous Resistance formed on 29th December 2023 around 180.400, Leaving Runners to the 30min Support formed around 180.000.
– Despite the Wednesday Daily candle being extremely Bullish, the Push up on price could be the new Monthly candle forming a top wick before breaking the low to continue Bearish.