GBPJPY Technical Analysis 03.11.2022 1h chart

– Previous Daily candle broke below Daily Support formed on Friday 28th October 2022 and closed at 168.380.
– Buys on close above 168.840 targeting 1h Resistance formed at 169.340, Leaving Runners to the 4h Resistance formed at 169.880.
– Sells on close below 167.920 as price breaks below 4h major Support targeting 1h Support at 167.350, Leaving Runners to the Daily previous Resistance formed on 13h September 2022 at 166.870.
– High Impact News ahead during the Pre NY Session for interest rate decision by the Bank Of England forecasted at : 4.00% previously was 3.25%, 30min after the BOE Monetary Policy Report we have Press Conference held by Governor Andrew Bailey.