GBPJPY Technical Analysis
GBPJPY Technical Analysis 22.07.2022 1h chart
– Previous Daily candle closed Bearish at 164.760 filling the previous Daily bottom wick.
– Buys on close above 165.200 targeting Weekly / 4h Strong Resistance at 165.850 leaving Runners to Daily / 1h Strong Resistance at 166.140.
– Sells on close below 164.550 targeting 4h Strong Support at 164.170 leaving Runners to Weekly / 4h Support at 163.620.
– Retail Sales m/m Data forecasted -0.2% / Previous: -0.5% data to be released 1h before London Open followed by Flash Manufacturing PMI and Flash Services PMI 1h30min after London Open.
– So far the current trading week has been holding Resistance around 166 on the Daily timeframe respecting the Strong Weekly + Daily Resistance that was formed on the last trading days of June.
– Previous Daily candle closed Bearish at 164.760 filling the previous Daily bottom wick.
– Buys on close above 165.200 targeting Weekly / 4h Strong Resistance at 165.850 leaving Runners to Daily / 1h Strong Resistance at 166.140.
– Sells on close below 164.550 targeting 4h Strong Support at 164.170 leaving Runners to Weekly / 4h Support at 163.620.
– Retail Sales m/m Data forecasted -0.2% / Previous: -0.5% data to be released 1h before London Open followed by Flash Manufacturing PMI and Flash Services PMI 1h30min after London Open.
– So far the current trading week has been holding Resistance around 166 on the Daily timeframe respecting the Strong Weekly + Daily Resistance that was formed on the last trading days of June.
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