GBPJPY Technical Analysis 18.09.2023 1h chart

– Previous Weekly candle closed Bearish at 183.050 breaking out of the recent Weekly Consolidation Zone, Friday Daily candle closed weak Bullish forming weak Daily Support around 182.980.
– Buys on close above 183.300 targeting 4h Resistance formed around 183.850, Leaving Runners to the Daily Resistance formed around 184.180.
– Sells on close below 182.770 targeting Weekly previous Resistance formed on 24th July 2023 at 182.240. Leaving Runners to the 4h Support formed around 181.760.
– There is a higher probability for price to push bearish to retest previous Weekly Support formed around 180.670 despite the previous Weekly candle closing small Bearish.