GBPJPY Technical Analysis 25.11.2022 1h chart

– Previous Daily candle closed Bearish at 167.890 forming Daily Resistance at 168.260.
– Buys on close above 168.020 targeting 1h Resistance at 168.340, Leaving Runners to the 4h Resistance at 168.860.
– Sells on close below 167.160 on the break of the previous Daily candle low targeting 30min Support at 166.760, Leaving Runners to the 4h Support at 166.300.
– Overall the Daily timeframe has been ranging for the last 3 Days so it is ideal to wait for a higher timeframe confirmation.