GBPJPY Technical Analysis 05.09.2023 1h chart

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– Previous Daily candle closed Bullish at 184.890 forming new Daily Support around 183.960.
– Buys on close above 185.060 targeting 1h Resistance formed at 185.670, Leaving Runners to the next 1h Resistance formed around 185.670.
– Sells on close below 184.660 targeting 30min Support formed at 184.320, Leaving Runners to the Daily / 4h Support formed around 183.960.
– Price might be pushing up to form a top wick for the new Weekly candle before breaking the Lows, based on higher timeframe price needs to break and close above 186 level above Weekly and Daily Resistance to anticipate the wick fill to the upside for the previous Monthly High.
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