GBP/JPY 1Hour chart analysis, another dip to 181?

2023年10月18日

Hello traders, sometimes, it is necessary to analyze the lower time
frames. So, in this idea, we are going to take a look at the hourly chart
of GBP/JPY.

As you can see in the chart, 182.80 is minor resistance level on the hourly
chart. So far, we have seen 3 price rejections at this level.

So, if there is a formation of bearish candlesticks in this level once again,
expect GBP/JPY to fall to 181.20 again.

2023年10月18日

註釋

Price has dropped 70 pips