GBPJPY Technical Analysis 12.05.2023 1h chart
– Previous Daily candle closed Bearish at 168.270 respecting Daily Resistance formed on Wednesday around 170.600.
– Buys on close above 168.480 targeting 30min Resistance at 169.050, Leaving Runners to the 4h Resistance formed at 169.260.
– Sells on close below 167.860 targeting Daily previous Resistance formed on 25th April 2023 at 167.530, Leaving Runners to the 1h Support formed at 167.020.
– High Impact News ahead at the Pre London session for the GDP m/m and Prelim GDP q/q followed by few Low Impact News, High Volatility expected during the London Open.
– Buys on close above 168.480 targeting 30min Resistance at 169.050, Leaving Runners to the 4h Resistance formed at 169.260.
– Sells on close below 167.860 targeting Daily previous Resistance formed on 25th April 2023 at 167.530, Leaving Runners to the 1h Support formed at 167.020.
– High Impact News ahead at the Pre London session for the GDP m/m and Prelim GDP q/q followed by few Low Impact News, High Volatility expected during the London Open.