GBPJPY Technical Analysis 16.08.2023 1h chart

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– Previous Daily candle closed Bullish at 184.850 as Daily High tapped into the previous Weekly Support formed in November 2015.
– Buys on close above 185.280 targeting Monthly Resistance formed in November 2015 at 185.900, Leaving Runners to the Monthly High formed in December 2015 at 186.350
– Sells on close below 184.410 targeting 4h Support formed at 183.950, Leaving Runners to the next 4h Support formed at 183.590.
– High-impact news ahead before the London session opens, with a focus on the year-over-year Consumer Price Index (CPI) data for the UK economy.

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