GBPJPY Technical Analysis 25.10.2023 1h chart
– Previous Daily candle closed strong Bearish around 182.210 forming strong Daily Resistance around 183.310.
– Buys on close above 182.520 targeting 1h previous Support formed around 182.900, Leaving Runners to the Daily Resistance formed on Tuesday this week around 183.310.
– Sells on close below 182.050 targeting 4h Support formed around 181.760, Leaving Runners to the 1h Support formed around 181.500.
– Ideally is to allow the Asian session to range allowing the new Daily candle to retrace forming top wick before breaking the previous Daily Low for the continuation to the downside.
– Buys on close above 182.520 targeting 1h previous Support formed around 182.900, Leaving Runners to the Daily Resistance formed on Tuesday this week around 183.310.
– Sells on close below 182.050 targeting 4h Support formed around 181.760, Leaving Runners to the 1h Support formed around 181.500.
– Ideally is to allow the Asian session to range allowing the new Daily candle to retrace forming top wick before breaking the previous Daily Low for the continuation to the downside.
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