GBPJPY Technical Analysis 23.02.2022 1h chart

– Previous Daily candle has formed Support but the overall market structure is still in Consolidation, Better Buys will be above 157.000 based on the 4h Time Frame as price breaks out of the 4h Range Zone. After London Open we have the Monetary Policy Report Hearings for the GBP testifying on Inflation and economic outlook by the Bank Of England Governor Andrew Bailey and other MPC Members before the Treasury Committee.