GBPJPY Technical Analysis 06.10.2023 1h chart

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– Previous Daily candle closed small Body Bullish at 181.020 as price consolidate within the 4h and Hourly timeframe.
– Buys on close above 181.260 targeting 1h Resistance around 181.690, Leaving Runners to the next Hourly Resistance formed around 182.040.
– Sells on close below 180.470 targeting Daily Support formed on Wednesday around 179.930, Leaving Runners to the 1h Support formed around 179.660.
– As the Weekly candle is coming to a close it would be ideal to wait for price to break out of the Consolidation zone during high volume time.

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