GBPJPY Technical Analysis 04.10.2023 1h chart

– Previous Daily candle closed Bearish around 179.940 forming a huge rejection to the downside around 178.020 as Bank Of Japan carries out a currency intervention.
– Buys on close above 180.300 targeting previous 1h Support formed around 180.670, Leaving Runners to the 4h Resistance formed around 181.100.
– Sells on close below 179.620 targeting 1h previous Resistance formed around 179.020, Leaving Runners to the 1h Support formed around 178.520.
– There is a good probability for price to form a Daily Support after the Daily Rejection formed on Tuesday.