GBPJPY Technical Analysis 31.08.2023 1h chart
– Previous Daily candle closed strong Bullish at 185.950 forming new Daily Support around 184.370.
– Buys on close above 186.190 targeting 1h strong Resistance formed at 186.530, Leaving Runners to the Weekly Rejection formed around 186.760.
– Sells on close below 185.560 targeting 1h Support at 185.210, Leaving Runners to the 1h previous Resistance formed at 184.680.
– As the August Monthly candle coming to a close, it is extremely important to wait for a strong confirmation as price action can be messy and difficult to trade.
– Buys on close above 186.190 targeting 1h strong Resistance formed at 186.530, Leaving Runners to the Weekly Rejection formed around 186.760.
– Sells on close below 185.560 targeting 1h Support at 185.210, Leaving Runners to the 1h previous Resistance formed at 184.680.
– As the August Monthly candle coming to a close, it is extremely important to wait for a strong confirmation as price action can be messy and difficult to trade.
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