GBPJPY Technical Analysis 25.08.2023 1h chart
– Previous Daily candle closed small Bearish at 183.720 respecting the No Trade Zone we’ve had on yesterday’s Analysis.
– Buys on close above 184.150 targeting 1h Resistance at 184.580, Leaving Runners to the 4h previous Support formed on 20th August 2023 at 184.880.
– Sells on close below 183.460 targeting Daily previous Resistance formed on 2nd August 2023 at 183.070, Leaving Runners to the 4h Support formed at 182.510.
– As Thursday Daily candle ranged within the No Trade Zone, Sells targets remained the same as the previous Analysis.
– Buys on close above 184.150 targeting 1h Resistance at 184.580, Leaving Runners to the 4h previous Support formed on 20th August 2023 at 184.880.
– Sells on close below 183.460 targeting Daily previous Resistance formed on 2nd August 2023 at 183.070, Leaving Runners to the 4h Support formed at 182.510.
– As Thursday Daily candle ranged within the No Trade Zone, Sells targets remained the same as the previous Analysis.
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