GBPJPY Technical Analysis 14.09.2023 1h chart

– Previous Daily candle closed Bullish at 184.180 respecting Daily Support formed on Tuesday.
– Buys on close above 184.380 targeting 4h Resistance at 184.660, Leaving Runners to the 30min Resistance formed around 184.920.
– Sells on close below 183.690 targeting 1h Support formed at 183.340, Leaving Runners to the 4h Support formed around 182.990.
– Despite the Daily candle closing Bullish, price still consolidating within the 4h and the 1h timeframe. It is very important to wait for a strong confirmation before taking any positions.