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.
– 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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