GBPJPY Technical Analysis 18.08.2023 1h chart

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– Previous Daily candle closed Bearish at 185.790 forming Daily Resistance at 186.250.
– Buys on close above 186.020 targeting 4h Resistance at 186.470, Leaving Runners to the Daily previous Resistance formed on 5th November 2015 at 187.020.
– Sells on close below 185.510 targeting 4h previous Resistance at 185.200, Leaving Runners to the 4h Support formed at 184.810.
– Medium impact news ahead of the Pre London open for the UK Retail Sales m/m, High Volatility expected at the London open.

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