GBPJPY Technical Analysis 24.04.2023 1h chart
– Previous Weekly candle closed Bullish at 166.820 creating new Weekly High for 2023, Daily closed small Bearish candle leaving a Rejection wick at the Previous Daily Support area.
– Buys on close above 167.180 targeting Daily Resistance at 167.500, Leaving Runners to the 4h / 1h Resistance at 167.750
– Sells on close below 166.590 targeting 15min previous Resistance formed during the London session on last Friday at 166.230, Leaving Runners to the 4h Support formed at 165.860.
– The probability for price retesting Daily Support formed on Friday 14th April 2023 is High knowing the last 4 weekly candles closing Bullish and we haven’t had any price retest to the previous broken Weekly Resistances on the left.
– Buys on close above 167.180 targeting Daily Resistance at 167.500, Leaving Runners to the 4h / 1h Resistance at 167.750
– Sells on close below 166.590 targeting 15min previous Resistance formed during the London session on last Friday at 166.230, Leaving Runners to the 4h Support formed at 165.860.
– The probability for price retesting Daily Support formed on Friday 14th April 2023 is High knowing the last 4 weekly candles closing Bullish and we haven’t had any price retest to the previous broken Weekly Resistances on the left.