GBPJPY Technical Analysis 29.12.2023 1h chart
– Previous Daily candle closed Bearish around 179.900 below recent Daily Support formed as price break out of the recent Daily Range, forming Daily Resistance around 181.360.
– Buys on close above 180.340 targeting 4h previous Support formed on 26th December 2023 around 180.710, Leaving Runners to the 1h Resistance formed around 181.270.
– Sells on close below 179.630 targeting 30min Support formed around 179.230, Leaving Runners to the 4h Support formed around 178.670.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
– Buys on close above 180.340 targeting 4h previous Support formed on 26th December 2023 around 180.710, Leaving Runners to the 1h Resistance formed around 181.270.
– Sells on close below 179.630 targeting 30min Support formed around 179.230, Leaving Runners to the 4h Support formed around 178.670.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
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