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GBPJPY Technical Analysis 14.12.2023 1h chart– Previous Daily candle closed strong Bearish around 180.210 breaking below recent Daily Support formed last Friday 8th December 2023. – Buys on close above 180.750 targeting previous Weekly Support formed on 30th October 2023 around 181.280, Leaving Runners to the 1h Resistance formed around 181.830. – Sells on close below 179.920 targeting 15min previous Resistance formed on 28th July 2023 around 179.250, Leaving Runners to the previous Weekly Low targeting a potential Wick Fill around 178.520. – High Impact News ahead for the Pound Sterling as Bank Of England review interest rate. Monetary Policy Summary, MPC Official Bank Rate Votes and the Official Bank Rate decision forecasted to maintain at 5.25%. high volatility expected.
by SalimFX20
GBPJPY Technical Analysis 13.12.2023 1h chart– Previous Daily candle closed Bearish around 182.650 forming Daily Resistance around 183.440 as price respect the previous Daily Support formed on 2nd November 2023. – Buys on close above 183.000 targeting 1h Resistance formed around 183.250, Leaving Runners to the Daily Resistance formed around 183.500. – Sells on close below 182.430 targeting 1h previous Resistance formed on 8th December 2023 around 181.960, Leaving Runners to the Daily Support formed on Friday 8th December 2023 around 181.430. – There is a higher probability for price to retest the recent strong Weekly Support knowing that Daily Resistance has been formed which means the current Weekly high formed aswell, Sells are more likely to play out.
by SalimFX20
GBPJPY Technical Analysis 12.12.2023 1h chart– Previous Daily candle closed strong Bullish around 183.450 as price retests the previous Strong Daily Support area around 184.600 – Buys on close above 183.730 targeting 4h Resistance around 184.070, Leaving Runners to the 30min Resistance formed around 184.440. – Sells on close below 183.240 targeting previous 30min Resistance formed around 182.760, Leaving Runners to the 1h Support formed around 182.370. – High Impact News ahead of the Pre London session for the Pound Sterling, Claimant Count Change and Average Earnings Index 3m/y, High Volatility expected during the London session open.
by SalimFX20
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GBPJPY Technical Analysis 11.12.2023 1h chart– Previous Weekly candle closed Strong Bearish around 181.870 closing just above recent Weekly Support formed at 181.270, Friday Daily candle closed small Bullish forming weak Daily Support around 181.410. – Buys on close above 182.390 targeting previous 4h Support formed on 2nd November 2023 around 182.940, Leaving Runners to the previous Daily Support formed on 2nd November 2023 around 183.410. – Sells on close below 181.520 targeting 4h Support formed around 180.890, Leaving Runners to the next 4h Strong Support formed around 180.440. – Ideally is to allow the Asian session to consolidate forming a new range for the new Weekly candle ahead.
by SalimFX20
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GBPJPY Technical Analysis 08.12.2023 1h chart– Previous Daily candle closed extremely Bearish around 181.390 tapping into a Strong Weekly Support held over the last 6 months. – Buys on close above 181.700 targeting 1h Resistance around 182.370, Leaving Runners to the 30min Resistance at 183.340. – Sells on close below 180.490 targeting 4h Support around 179.870, Leaving Runners to the 30min previous Resistance formed on 28th July 2023 around 179.120. – As price dropped by over 640 Pip down on Thursday there is a chance that the Friday Daily candle range and form weak Support as price reacts to the Weekly Strong Support tapped on Thursday.
by SalimFX20
GBPJPY Technical Analysis 06.12.2023 1h chart– Previous Daily candle closed Bearish around 185.280 below Daily Support formed on 21st November 2023. – Buys on close above 186.120 targeting 1h Resistance formed around 186.660, Leaving Runners to the Daily Resistance formed around 187.040. – Sells on close below 185.060 targeting 4h Support formed around 184.600, Leaving Runners to the previous Daily Resistance formed on 23rd November 2023 around 184.210. – Medium Impact News ahead of the London session for the Pound Sterling for Construction PMI, Bank Of England Governor Andrew Bailey due to hold a press conference about the Financial Stability Report in London.
by SalimFX20
GBPJPY Technical Analysis 05.12.2023 1h chart– Previous Daily candle closed weak Bearish around 185.910 rejecting the Daily Consolidation Zone formed at the beginning of November. – Buys on close above 186.160 targeting 1h Resistance formed around 186.660, Leaving Runners to the Daily Resistance formed around 187.040. – Sells on close below 185.400 targeting 4h Support formed around 185.060, Leaving Runners to the 30min Support formed around 184.650. – As Monday Daily candle closed Weak Bearish there is still a probability for price to retest the Rejection Area.
by SalimFX20
GBPJPY Technical Analysis 04.12.2023 1h chart– Previous Weekly candle closed Bearish around 186.460 forming Weekly Resistance around 188.240, Friday Daily candle closed weak Bearish within the recent new Daily Range formed last week. – Buys on close above 186.830 targeting 4h Resistance around 187.330, Leaving Runners to the 1h Resistance formed around 187.630. – Sells on close below 186.180 targeting 1h Support around 185.770, Leaving Runners to the Daily Support formed around 185.450. – Ideally is to allow the Asian session to form a new range and wait for high volume time as price more likely to respect recent Weekly Resistance and continue to the downside.
by SalimFX20
GBPJPY Technical Analysis 01.12.2023 1h chart– Previous Daily candle closed weak Bullish around 187.010 forming weak Daily Support around 186.850. – Buys on close above 187.580 targeting Daily Resistance formed around 188.220, Leaving Runners to the 1h Resistance formed around 188.670. – Sells on close below 186.400 targeting 4h Support formed around 185.890, Leaving Runners to the Daily Support formed around 185.450. – There is a good probability to see Friday Daily candle closing Bearish as weak Daily Support has been formed on Thursday.
by SalimFX20
GBPJPY Technical Analysis 30.11.2023 1h chart– Previous Daily candle closed small Bearish around 186.860 as price remain within the recent 4h consolidation zone. – Buys on close above 187.170 targeting 1h Resistance formed around 187.500, Leaving Runners to the 1h strong Resistance formed around 187.840. – Sells on close below 186.620 targeting 1h Strong Support formed around 186.320, Leaving Runners to the 4h Support formed around 185.890. – Ideally is to allow the Asian session to consolidate and wait for high volume time around the Pre London / London Open leading to New York session.
by SalimFX20
GBPJPY Technical Analysis 29.11.2023 1h chart– Previous Daily candle closed small Bearish around 187.130 as price ranged on the 4h timeframe. – Buys on close above 187.780 targeting Daily Resistance formed around 188.300, Leaving Runners to the 1h Resistance formed around 188.600. – Sells on close below 187.040 targeting 1h Support around 186.650, Leaving Runners to the 4h Support formed around 186.390. – Bank Of England Governor Andrew Bailey due to deliver brief remarks at an event celebrating the 50th anniversary of the London Foreign Exchange Joint Standing Committee.
by SalimFX20
GBPJPY Technical Analysis 28.11.2023 1h chart– Previous Daily candle closed Bearish around 187.680 forming Daily Resistance around 188.300. – Buys on close above 187.950 targeting Daily Resistance formed around 188.300, Leaving Runners to the 1h Resistance formed around 188.600. – Sells on close below 187.240 targeting 4h previous Resistance formed around 186.840, Leaving Runners to the 4h Support formed around 186.390. – As the Monday Daily candle closed Bearish forming Daily Resistance within the Monthly Rejection Wick formed in November 2015, There is a good probability to see Weekly Resistance formed within the current Weekly candle.
by SalimFX20
GBPJPY Technical Analysis 27.11.2023 1h chart– Previous Weekly candle closed Bullish around 188.340 filling Rejection Wick formed recently on the Weekly timeframe, Friday Daily candle closed Bullish breaking above recent Daily Resistance formed on 16th November 2023. – Buys on close above 188.650 targeting previous Weekly Support formed on 13th July 2015 around 189.320, Leaving Runners to the Daily Rejection formed on 25th August 2015 around 190.020. – Sells on close below 187.910 targeting 4h previous Resistance formed at 187.540, Leaving Runners to the 30min Support formed around 187.140. – Ideally is to allow the Asian session to consolidate forming a new Range for the new Weekly candle.
by SalimFX20
GBPJPY Technical Analysis 24.11.2023 1h chart– Previous Daily candle closed Bullish around 187.380 as price approaches the previous Weekly Rejection formed around 188.280. – Buys on close above 187.650 targeting Daily Resistance around 187.910, Leaving Runners to the 1h Resistance formed around 188.230. – Sells on close below 187.170 targeting 4h previous Resistance formed around 186.830, Leaving Runners to the 4h Support formed around 186.400. – Ideally is to allow the Asian session to form a consolidation zone and wait for High Volume time with a strong confirmation.
by SalimFX20
GBPJPY Technical Analysis 23.11.2023 1h chart– Previous Daily candle closed Bullish around 186.820 respecting Daily Support formed on Tuesday. – Buys on close above 187.150 targeting 4h Resistance formed around 187.600, Leaving Runners to the Daily Resistance formed around 187.910. – Sells on close below 186.400 targeting 4h previous Resistance formed around 186.020, Leaving Runners to the 30min Support formed around 185.690. – High Impact News ahead of the London session for the Pound Sterling, Flash Manufacturing PMI and Flash Services PMI, High Volatility expected.
by SalimFX20
GBPJPY Technical Analysis 22.11.2023 1h chart– Previous Daily candle closed Bullish around 186.020 forming Daily Support around 185.460, Rejecting the bottom of the Daily Range formed on the left. – Buys on close above 186.170 targeting 1h Resistance formed around 186.770, Leaving Runners to the next 1h Resistance formed around 187.130. – Sells on close below 185.540 targeting 4h Support formed around 185.060, Leaving Runners to the 30min Support formed at 184.640. – Monetary Policy Report Hearings that could impact the Pound Sterling during the London session.
by SalimFX20
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GBPJPY Technical Analysis 21.11.2023 1h chart– Previous Daily candle closed strong Bearish around 185.470 retesting Daily consolidation zone formed couple of weeks ago. – Buys on close above 185.670 targeting 1h Resistance formed around 186.090, Leaving Runners to the 4h Resistance formed around 186.460. – Sells on close below 185.180 targeting 1h Support formed around 184.800, Leaving Runners to the 1h previous Monthly Resistance formed in September 2023 around 184.360. – There could be a potential Daily Support to be formed around 184.500 level before the continuation to the downside.
by SalimFX20
GBPJPY Technical Analysis 20.11.2023 1h chart– Previous Weekly candle closed Bullish at 186.420 leaving a Rejection wick to the upside around 188.290, Friday Daily candle closed Bearish as price retested the recent Daily consolidation zone. – Buys on close above 186.600 targeting 4h Resistance around 187.010, Leaving Runners to the 4h previous Support formed around 187.420. – Sells on close below 186.120 targeting 4h Support around 185.650, Leaving Runners to the next 4h Support formed around 185.140. – Bank Of England Governor Andrew Bailey due to speak at the Henry Plumb Memorial Lecture in England.
by SalimFX20