GBPJPY Technical Analysis 24.05.2023 1h chart
– Previous Daily candle closed Bearish at 171.970 forming new Daily Resistance around 172.320 as the Daily timeframe has been ranging.
– Buys on close below 172.330 targeting 1h Resistance at 172.560, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900.
– Sells on close below 171.870 targeting Daily Support at 171.650, Leaving Runners to the 1h Support formed at 171.400.
– High Impact News ahead for the UK Economy at Pre London as CPI y/y data to be released forecasting 8.2%, previously was : 10.1%, Bank Of England Governor Andrew Bailey due to speak at the Net Zero Delivery Summit in London at 10:30 GMT, He is also due to participate in a fireside chat titled ” Inflation and the Economy ” at the Wall Street Journal’s CEO Council Summit at 14:00.
– Buys on close below 172.330 targeting 1h Resistance at 172.560, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900.
– Sells on close below 171.870 targeting Daily Support at 171.650, Leaving Runners to the 1h Support formed at 171.400.
– High Impact News ahead for the UK Economy at Pre London as CPI y/y data to be released forecasting 8.2%, previously was : 10.1%, Bank Of England Governor Andrew Bailey due to speak at the Net Zero Delivery Summit in London at 10:30 GMT, He is also due to participate in a fireside chat titled ” Inflation and the Economy ” at the Wall Street Journal’s CEO Council Summit at 14:00.
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