GBPJPY Technical Analysis 01.05.2023 1h chart

– Previous Monthly, Weekly and Daily candle closed strong Bullish at 171.070 above Monthly Resistance formed in November 2022 at 170.740.
– Buys on close above 171.230 targeting 1h Resistance at 171.640, Leaving Runners to the 4h Resistance formed on 31st October 2022 at 172.060.
– Sells on close below 170.520 targeting 15min Support at 169.850, Leaving Runners to the 1h Support at 169.410.
– Monday Bank Holiday, all UK Banks will be closed in observance of May Day.
– Learn : May Day bank holiday in the UK
May Day bank holiday is a day for celebrating the achievements of workers and their ongoing fight for better working conditions. It is also a day for celebrating the arrival of spring and enjoying time with family and friends.