GBPJPY Technical Analysis 20.04.2023 1h chart
– Previous Daily candle closed strong Bullish at 167.500 above the recent Daily Highs formed early this week and last week.
– Buys on close above 167.920 targeting Daily Resistance formed on 15th December 2022 at 168.340, Leaving Runners to the next Daily Resistance formed on 13th December 2022 at 168.820.
– Sells on close below 167.350 targeting 1h Support at 167.050, Leaving Runners to the next level of 1h Support at 166.790.
– As the previous Daily candle closed strong Bullish, the targets for Sells becomes smaller than Buys as we follow the current Bullish Trend.
– Buys on close above 167.920 targeting Daily Resistance formed on 15th December 2022 at 168.340, Leaving Runners to the next Daily Resistance formed on 13th December 2022 at 168.820.
– Sells on close below 167.350 targeting 1h Support at 167.050, Leaving Runners to the next level of 1h Support at 166.790.
– As the previous Daily candle closed strong Bullish, the targets for Sells becomes smaller than Buys as we follow the current Bullish Trend.