GBPJPY Technical Analysis 03.10.2023 1h chart

– Previous Daily candle closed strong Bearish around 181.120 just below recent Daily Support formed on 27th September 2023.
– Buys on close above 181.430 targeting previous 1h Resistance formed around 181.890, Leaving Runners to the 4h Resistance formed around 182.460.
– Sells on close below 180.730 targeting previous Daily Support formed on 21st July 2023 around 180.140, Leaving Runners to the previous Daily Support formed on 13th July 2023 around 179.790.
– Ideally is to allow price to retrace on the higher timeframe allowing the Monthly candle to form the top wick before breaking the lows.