GBPJPY Technical Analysis 20.07.2023 1h chart
– Previous Daily candle closed Bearish at 180.570 tapping into Daily Support formed on 13th July 2023 around 179.800.
– Buys on close above 181.040 targeting 1h Resistance at 181.560, Leaving Runners to the 4h Resistance formed at 182.020.
– Sells on close below 180.230 targeting Daily Support formed at 179.800, Leaving Runners to the 1h Support formed at 179.500.
– We could possibly have a Wick Fill of the previous Weekly candle Low. Once Daily close below recent Daily Support we have clean traffic all the way down to 175.500 based on the Weekly and Daily timeframe.
– Buys on close above 181.040 targeting 1h Resistance at 181.560, Leaving Runners to the 4h Resistance formed at 182.020.
– Sells on close below 180.230 targeting Daily Support formed at 179.800, Leaving Runners to the 1h Support formed at 179.500.
– We could possibly have a Wick Fill of the previous Weekly candle Low. Once Daily close below recent Daily Support we have clean traffic all the way down to 175.500 based on the Weekly and Daily timeframe.
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