GBPJPY Technical Analysis 11.10.2023 1h chart

GBPJPY Technical Analysis 11.10.2023 1h chart
– Previous Daily candle closed strong Bullish around 182.700 as price forms new Daily Support around 181.690.
– Buys on close above 182.790 targeting Daily Resistance formed around 183.140, Leaving Runners to the 4h Resistance formed around 183.360.
– Sells on close below 182.330 targeting 4h Support formed around 181.860, Leaving Runners to the 1h Support formed around 181.650.
– As explained on the previous analysis, Price have respected Weekly Support and the anticipation is for price to continue Bullish as Daily Support has been formed.