GBPJPY Technical Analysis 10.08.2023 1h chart

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– Previous Daily candle closed small Bullish at 182.820 as price consolidated during the Wednesday session across the three trading sessions.
– Buys on close above 182.970 targeting 1h Resistance at 183.250, Leaving Runners to the 4h Resistance formed at 183.510.
– Sells on close below 182.360 targeting 4h Support formed at 181.760, Leaving Runners to the 1h previous Resistance formed on 4th August 2023 at 181.370.
– Overall price still holding Resistance and has respected the No Trade Zone from the previous Daily Analysis, so waiting for a confirmation is a Must as price continues to range.

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