GBPJPY Technical Analysis 02.11.2023 1h chart
– Previous Daily candle closed Bearish around 183.410 forming new Daily Resistance around 184.210.
– Buys on close above 183.620 targeting 1h Resistance formed around 183.990, Leaving Runners to the Daily Resistance formed around 184.300.
– Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040.
– High Impact News ahead of the London session / Pre New York session open for the Pound Sterling, Starting with BOE Monetary Policy Report, Monetary Policy Summary, MPC Official Bank Rate Votes, followed by a Press Conference hosted by Bank Of England Governor Andrew Bailey to discuss their decision on the interest rate, High Volatility expected.
– Buys on close above 183.620 targeting 1h Resistance formed around 183.990, Leaving Runners to the Daily Resistance formed around 184.300.
– Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040.
– High Impact News ahead of the London session / Pre New York session open for the Pound Sterling, Starting with BOE Monetary Policy Report, Monetary Policy Summary, MPC Official Bank Rate Votes, followed by a Press Conference hosted by Bank Of England Governor Andrew Bailey to discuss their decision on the interest rate, High Volatility expected.
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