GBPJPY Technical Analysis 30.03.2023 1h chart
– Previous Daily candle closed strong Bullish at 163.500 breaking above the recent Daily Ranges/ Daily Resistances on the left.
– Buys on close above 163.700 targeting Daily Resistance at 164.170, Leaving Runners to the 30min Resistance at 164.440.
– Sells on close below 163.080 targeting 30min previous Support formed at 162.700, Leaving Runners to the 30min Support formed at 162.400.
– As the Monthly coming to a close by the end of the this week, the main focus will be to see if the Monthly and the current Weekly candle closes above Weekly Resistance formed on 1st week of March or will it reject and close back below within the range (Daily Range).
– Buys on close above 163.700 targeting Daily Resistance at 164.170, Leaving Runners to the 30min Resistance at 164.440.
– Sells on close below 163.080 targeting 30min previous Support formed at 162.700, Leaving Runners to the 30min Support formed at 162.400.
– As the Monthly coming to a close by the end of the this week, the main focus will be to see if the Monthly and the current Weekly candle closes above Weekly Resistance formed on 1st week of March or will it reject and close back below within the range (Daily Range).