GBPJPY Technical Analysis 25.04.2023 1h chart
– Previous Daily candle closed Bullish at 167.540 above Daily Resistance formed on Thursday last week (20.04.2023) forming new Daily Support around 166.630.
– Buys on close above 167.720 targeting 1h Resistance at 167.970, Leaving Runners to the Daily Resistance formed on 15th December 2023 at 168.350.
– Sells on close below 167.070 targeting 1h Support at 166.650, Leaving Runners to the 15min previous Support formed on 21st April 2023 at 166.230.
– The push up on the higher timeframe could be the new Weekly candle forming top wick before breaking the lows to potentially form Resistance.
– Buys on close above 167.720 targeting 1h Resistance at 167.970, Leaving Runners to the Daily Resistance formed on 15th December 2023 at 168.350.
– Sells on close below 167.070 targeting 1h Support at 166.650, Leaving Runners to the 15min previous Support formed on 21st April 2023 at 166.230.
– The push up on the higher timeframe could be the new Weekly candle forming top wick before breaking the lows to potentially form Resistance.
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