GBPJPY Technical Analysis 1h chart
– Previous Daily candle closed Bearish at 157.180 as price tapped into the Daily Support formed on Wednesday as planned on the previous Analysis posted.
– Buys on close above 157.577 targeting 4h previous Support formed at 157.819, Leaving Runners to the 4h Resistance formed at 159.494.
– Sells on close below 157.180 targeting Monthly / 1h recent Support formed at 156.831, Leaving Runners to the next 1h Support formed at 156.831.
– High Impact News ahead for the Pound Sterling 1h before New York session opens as follow : Bank Of England Monetary Policy Report, MPC Official Bank Rate Votes, Monetary Policy Summary and the Official Bank Rate forecasting an increase of 0.50% from 3.50% to 4.00%.
– Buys on close above 157.577 targeting 4h previous Support formed at 157.819, Leaving Runners to the 4h Resistance formed at 159.494.
– Sells on close below 157.180 targeting Monthly / 1h recent Support formed at 156.831, Leaving Runners to the next 1h Support formed at 156.831.
– High Impact News ahead for the Pound Sterling 1h before New York session opens as follow : Bank Of England Monetary Policy Report, MPC Official Bank Rate Votes, Monetary Policy Summary and the Official Bank Rate forecasting an increase of 0.50% from 3.50% to 4.00%.
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