GBPJPY Technical Analysis 31.10.2023 1h chart
– Previous Daily candle closed Doji Bullish around 181.370 as price consolidate in the 4h timeframe.
– Buys on close above 181.490 targeting 4h Resistance formed around 181.890, Leaving Runners to the Daily Resistance formed around 182.290.
– Sells on close below 180.890 targeting 1h Strong Support formed on 5th October 2023 around 180.570, Leaving Runners to the 4h Support formed around 180.210.
– High Impact New ahead of the Asian session for the Japanese Yen, Starting with BOJ Outlook Report, BOJ Policy Rate, Monetary Policy Statement followed by BOJ Press Conference, High Volatility expected.
– Buys on close above 181.490 targeting 4h Resistance formed around 181.890, Leaving Runners to the Daily Resistance formed around 182.290.
– Sells on close below 180.890 targeting 1h Strong Support formed on 5th October 2023 around 180.570, Leaving Runners to the 4h Support formed around 180.210.
– High Impact New ahead of the Asian session for the Japanese Yen, Starting with BOJ Outlook Report, BOJ Policy Rate, Monetary Policy Statement followed by BOJ Press Conference, High Volatility expected.
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