GBPJPY Technical Analysis 28.11.2023 1h chart

– Previous Daily candle closed Bearish around 187.680 forming Daily Resistance around 188.300.
– Buys on close above 187.950 targeting Daily Resistance formed around 188.300, Leaving Runners to the 1h Resistance formed around 188.600.
– Sells on close below 187.240 targeting 4h previous Resistance formed around 186.840, Leaving Runners to the 4h Support formed around 186.390.
– As the Monday Daily candle closed Bearish forming Daily Resistance within the Monthly Rejection Wick formed in November 2015, There is a good probability to see Weekly Resistance formed within the current Weekly candle.