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GBPJPY Technical Analysis 08.06.2023 1h chart

187
– Previous Daily candle closed Bullish at 174.160 forming Daily Support at 174.430.
– Buys on close above 174.130 targeting Weekly Rejection formed on 1s February 2016 at 175.020, Leaving Runners to the previous Daily Support formed on 13th April 2015 at 175.700.
– Sells on close below 173.780 targeting Daily Support at 173.430, Leaving Runners to the 4h Support formed at 172.990.
– With high volume session there is a good probability for price to continue Bullish as the current Weekly still respecting the previous Weekly Low and the Daily this Wednesday closing Bullish above Daily Resistance formed on Monday 5th June 2023.

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