GBPJPY Technical Analysis 28.07.2023 1h chart
– Previous Daily candle closed Strong Bearish at 178.370 breaking below Daily Support formed on 13th July 2023.
– Buys on close above 179.000 targeting Daily previous Support formed on 13th July 2023 at 179.690 for a retest, Leaving Runners to the Daily previous Support formed on Friday 1st July 2023 at 180.150.
– Sells on close below 177.780 targeting 1h Support formed on 15th June 2023 at 177.290, Leaving Runners to the 1h Support formed on 14th June 2023 at 176.750.
– High Impact News ahead for the Japanese Yen over the Asian session as Bank Of Japan decide on future Interest Rate, Starting with BOJ Outlook Report, Monetary Policy Statement and BOJ Policy Rate, followed by BOJ Press Conference, High Volatility expected during the event.
– Buys on close above 179.000 targeting Daily previous Support formed on 13th July 2023 at 179.690 for a retest, Leaving Runners to the Daily previous Support formed on Friday 1st July 2023 at 180.150.
– Sells on close below 177.780 targeting 1h Support formed on 15th June 2023 at 177.290, Leaving Runners to the 1h Support formed on 14th June 2023 at 176.750.
– High Impact News ahead for the Japanese Yen over the Asian session as Bank Of Japan decide on future Interest Rate, Starting with BOJ Outlook Report, Monetary Policy Statement and BOJ Policy Rate, followed by BOJ Press Conference, High Volatility expected during the event.