GBPJPY Technical Analysis 09.05.2023 1h chart
– Previous Daily candle closed weak Bullish at 170.430 leaving a Rejection at the recent Weekly Resistance formed around 171.100.
– Buys on close above 170.560 targeting 30min Resistance at 170.860, Leaving Runners to the Weekly Resistance formed at 171.100.
– Sells on close below 170.180 targeting 15min Support formed at 169.750, Leaving Runners to the 4h previous Resistance formed on 4th May 2023 at 169.350.
– If Tuesday respect the Previous Daily High and break the Monday Daily Low there will be higher probability of price pushing futher down respecting recent Weekly Resistance formed last week.
– Buys on close above 170.560 targeting 30min Resistance at 170.860, Leaving Runners to the Weekly Resistance formed at 171.100.
– Sells on close below 170.180 targeting 15min Support formed at 169.750, Leaving Runners to the 4h previous Resistance formed on 4th May 2023 at 169.350.
– If Tuesday respect the Previous Daily High and break the Monday Daily Low there will be higher probability of price pushing futher down respecting recent Weekly Resistance formed last week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.