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GBPJPY Technical Analysis 08.11.2023 1h chart– Previous Daily candle closed Bearish around 184.810 forming Daily Resistance around 185.190. – Buys on close above 185.370 targeting 4h Resistance formed around 185.600, Leaving Runners to the Daily Resistance formed on 31st August 2023 around 185.970. – Sells on close below 184.650 targeting Daily Resistance formed on 1st November 2023 around 184.220, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.730. -Bank Of England Governor Andrew Bailey due to speak at the Central Bank of Ireland Financial System Conference in Dublin.
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GBPJPY Technical Analysis 07.11.2023 1h chart– Previous Daily candle closed Bullish at 185.180 leaving a Rejection wick around 185.970. – Buys on close above 185.570 targeting 1h Resistance around 185.910, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.420. – Sells on close below 185.030 targeting 1h Support formed around 184.730, Leaving Runners to the Monthly previous Resistance formed on September 2023 around 184.350. – There is a high probability for the weekly candle to break its own low to form a bottom wick as the Monday Daily candle rejects the upside.
by SalimFX20
GBPJPY Technical Analysis 06.11.2023 1h chart– Previous Weekly candle closed strong Bullish at 184.770 forming Strong Weekly Support around 181.280, Friday Daily candle also closed strong Bullish breaking above Daily Resistance formed on Wednesday 1st November 2023. – Buys on close above 185.020 targeting Daily Resistance formed on 6th September 2023 around 185.540, Leaving Runners to the Daily Resistance formed on 31st August 2023 around 185.950. – Sells on close below 184.480 targeting Daily previous Resistance formed on 1st November 2023 around 184.210, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.740. – Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
by SalimFX20
GBPJPY Technical Analysis 03.11.2023 1h chart– Previous Daily candle closed small Bullish at 183.580 forming weak Daily Support around 183.420 as price continue to range on the 4h timeframe. – Buys on close above 183.730 targeting Daily Resistance formed around 184.220, Leaving Runners to the 4h Resistance around 184.640. – Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040. – Ideally is to wait for price to break and close out of the No Trade Zone during high volume time, Pre London / London open is expected to have decent volume.
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GBPJPY Technical Analysis 02.11.2023 1h chart– Previous Daily candle closed Bearish around 183.410 forming new Daily Resistance around 184.210. – Buys on close above 183.620 targeting 1h Resistance formed around 183.990, Leaving Runners to the Daily Resistance formed around 184.300. – Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040. – High Impact News ahead of the London session / Pre New York session open for the Pound Sterling, Starting with BOE Monetary Policy Report, Monetary Policy Summary, MPC Official Bank Rate Votes, followed by a Press Conference hosted by Bank Of England Governor Andrew Bailey to discuss their decision on the interest rate, High Volatility expected.
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GBPJPY Technical Analysis 01.11.2023 1h chart– Previous Daily candle closed strong Bullish around 184.230 breaking above the Weekly recent Consolidation Zone, October Monthly candle also closed Bullish forming Monthly Support around 182.440 leaving a Rejection wick at 178.050. – Buys on close above 184.640 targeting 1h Resistance formed on 6th September 2023 around 185.170, Leaving Runners to the Daily Resistance formed around 185.550. – Sells on close below 183.840 targeting 1h Support formed around 183.180, Leaving Runners to the 4h previous Resistance formed around 182.500. – Ideally is to wait for price to break out of the range during high volume time as October Monthly candle closed with no wick at the top and we also have new Monthly candle for November opening.
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GBPJPY Technical Analysis 31.10.2023 1h chart– Previous Daily candle closed Doji Bullish around 181.370 as price consolidate in the 4h timeframe. – Buys on close above 181.490 targeting 4h Resistance formed around 181.890, Leaving Runners to the Daily Resistance formed around 182.290. – Sells on close below 180.890 targeting 1h Strong Support formed on 5th October 2023 around 180.570, Leaving Runners to the 4h Support formed around 180.210. – High Impact New ahead of the Asian session for the Japanese Yen, Starting with BOJ Outlook Report, BOJ Policy Rate, Monetary Policy Statement followed by BOJ Press Conference, High Volatility expected.
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GBPJPY Technical Analysis 30.10.2023 1h chart– Previous Weekly candle closed Bearish at 181.280 forming Weekly Resistance around 182.180 within the Weekly Range, Friday Daily candle also closed Bearish breaking below recent Daily Support. – Buys on close above 181.460 targeting 1h Resistance formed around 181.810, Leaving Runners to the next Hourly Resistance formed around 182.070. – Sells on close below 181.040 targeting Weekly Support formed around 180.660, Leaving Runners to the Weekly Support formed on 4th October 2023 around 180.210. – Ideally is to allow price to consolidate during the Asian session to set up new range for the new Weekly candle and wait for High Volume time for London / NY session.
by SalimFX20
GBPJPY Technical Analysis 27.10.2023 1h chart– Previous Daily candle closed Bullish around 182.280 forming Daily Support around 181.870 rejecting the 181 level. – Buys on close above 182.600 targeting 1h Resistance around 183.000, Leaving Runners to the Daily Resistance formed around 183.370. – Sells on close below 181.930 targeting 1h Support formed around 181.450, Leaving Runners to the 4h Support formed around 181.100. – Medium Impact News ahead of the Pre Asian session for the Japanese Yen, Tokyo Core CPI y/y forecasted to remain the same at 2.5%.
by SalimFX20
GBPJPY Technical Analysis 26.10.2023 1h chart– Previous Daily candle closed small Bearish around 181.870 as price back trading within the Daily Consolidation Zone formed last week. – Buys on close above 182.130 targeting 4h Resistance around 182.440, Leaving Runners to the 1h previous Support formed around 182.900. – Sells on close below 181.620 targeting 4h Support formed around 181.380, Leaving Runners to the 4h Support formed around 181.100. – It is extremely important to wait for strong confirmation as price back trading within the Daily Range formed last week, Targets for Buys and Sells have both been adjusted accordingly.
by SalimFX20
GBPJPY Technical Analysis 25.10.2023 1h chart– Previous Daily candle closed strong Bearish around 182.210 forming strong Daily Resistance around 183.310. – Buys on close above 182.520 targeting 1h previous Support formed around 182.900, Leaving Runners to the Daily Resistance formed on Tuesday this week around 183.310. – Sells on close below 182.050 targeting 4h Support formed around 181.760, Leaving Runners to the 1h Support formed around 181.500. – Ideally is to allow the Asian session to range allowing the new Daily candle to retrace forming top wick before breaking the previous Daily Low for the continuation to the downside.
by SalimFX20
GBPJPY Technical Analysis 24.10.2023 1h chart– Previous Daily candle closed Strong Bullish around 183.310 breaking out of the Daily Range formed last week. – Buys on close above 183.440 targeting 4h Resistance formed around 183.720, Leaving Runners to the Daily Resistance formed around 184.180. – Sells on close below 182.940 targeting previous Daily Resistance formed on 17th October 2023 around 182.630, Leaving Runners to the 30min Support formed around 182.330. – High Impact News ahead at the Pre London session starting with Claimant Count Change, followed by Flash Manufacturing PMI and Flash Services PMI during the London session.
by SalimFX20
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GBPJPY Technical Analysis 23.10.2023 1h chart– Previous Weekly candle closed Bullish at 182.200 forming Weekly Support around 181.170, Friday Daily candle closed Bullish forming Daily Support around 181.820. – Buys on close above 182.350 targeting 4h Resistance around 182.720, Leaving Runners to the 30min Resistance around 183.140. – Sells on close below 181.400 targeting 4h Support around 181.100, Leaving Runners to the Weekly Support formed around 180.660. – On the previous week, Daily candles have been ranging between 181.100 to 182.600 hence why the No Trade Zone is much larger than usual, Ideally is to allow the Asian session to form a new range ahead for the new Weekly candle and wait for price to break out during high volume time using strong confirmation.
by SalimFX20
GBPJPY Technical Analysis 06.10.2023 1h chart– Previous Daily candle closed small Body Bullish at 181.020 as price consolidate within the 4h and Hourly timeframe. – Buys on close above 181.260 targeting 1h Resistance around 181.690, Leaving Runners to the next Hourly Resistance formed around 182.040. – Sells on close below 180.470 targeting Daily Support formed on Wednesday around 179.930, Leaving Runners to the 1h Support formed around 179.660. – As the Weekly candle is coming to a close it would be ideal to wait for price to break out of the Consolidation zone during high volume time.
by SalimFX20
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GBPJPY Technical Analysis 05.10.2023 1h chart– Previous Daily candle closed Bullish around 180.920 forming Daily Support around 179.930 as price retest the previous broken Daily Support formed on 27th September 2023. – Buys on close above 181.260 targeting 1h Resistance around 181.690, Leaving Runners to the next Hourly Resistance around 182.040. – Sells on close below 180.470 targeting Daily Support formed around 179.930, Leaving Runners to the 1h Support formed around 179.660. – High Impact News at the London session for the Pound Sterling, Construction PMI data forecasted at 50.0, Previously was 50.8.
by SalimFX20
GBPJPY Technical Analysis 04.10.2023 1h chart– Previous Daily candle closed Bearish around 179.940 forming a huge rejection to the downside around 178.020 as Bank Of Japan carries out a currency intervention. – Buys on close above 180.300 targeting previous 1h Support formed around 180.670, Leaving Runners to the 4h Resistance formed around 181.100. – Sells on close below 179.620 targeting 1h previous Resistance formed around 179.020, Leaving Runners to the 1h Support formed around 178.520. – There is a good probability for price to form a Daily Support after the Daily Rejection formed on Tuesday.
by SalimFX20
GBPJPY Technical Analysis 03.10.2023 1h chart– Previous Daily candle closed strong Bearish around 181.120 just below recent Daily Support formed on 27th September 2023. – Buys on close above 181.430 targeting previous 1h Resistance formed around 181.890, Leaving Runners to the 4h Resistance formed around 182.460. – Sells on close below 180.730 targeting previous Daily Support formed on 21st July 2023 around 180.140, Leaving Runners to the previous Daily Support formed on 13th July 2023 around 179.790. – Ideally is to allow price to retrace on the higher timeframe allowing the Monthly candle to form the top wick before breaking the lows.
by SalimFX20
GBPJPY Technical Analysis 02.10.2023 1h chart– Previous Monthly candle closed Bearish at 182.250 closing below recent Monthly Support formed in September 2023, Forming Monthly Resistance around 184.360, Weekly candle closed Bullish forming Weekly Support around 181.470, Friday Daily candle closed weak Bearish rejecting the Upside. – Buys on close above 182.520 targeting 4h Resistance around 182.900, Leaving Runners to the 4h strong Resistance formed around 183.200. – Sells on close below 181.950 targeting Daily previous Resistance formed on 26th September 2023 around 181.720, Leaving Runners to the Weekly Support formed around 181.470. – Ideally is to allow the Asian session to form a new range for the new Month and Week ahead and wait for high volume time for a much higher probability.
by SalimFX20