GBPJPY Technical Analysis 26.10.2023 1h chart
– Previous Daily candle closed small Bearish around 181.870 as price back trading within the Daily Consolidation Zone formed last week.
– Buys on close above 182.130 targeting 4h Resistance around 182.440, Leaving Runners to the 1h previous Support formed around 182.900.
– Sells on close below 181.620 targeting 4h Support formed around 181.380, Leaving Runners to the 4h Support formed around 181.100.
– It is extremely important to wait for strong confirmation as price back trading within the Daily Range formed last week, Targets for Buys and Sells have both been adjusted accordingly.
– Buys on close above 182.130 targeting 4h Resistance around 182.440, Leaving Runners to the 1h previous Support formed around 182.900.
– Sells on close below 181.620 targeting 4h Support formed around 181.380, Leaving Runners to the 4h Support formed around 181.100.
– It is extremely important to wait for strong confirmation as price back trading within the Daily Range formed last week, Targets for Buys and Sells have both been adjusted accordingly.
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