GBPJPY Technical Analysis 28.11.2022 1h chart

– Previous Daily candle closed Bullish at 168.200 forming Daily Support at 167.890 within the current Daily Consolidation Zone.
– Buys on close above 168.450 targeting 4h Resistance at 168.850, Leaving Runners to the 1h Resistance at 169.310.
– Sells on close below 167.550 targeting 4h Support at 167.200, Leaving Runners to the 30min Support at 166.750.
– Price still ranging within the Consolidation Zone on the the higher timeframe (Daily) so ideally is to wait for strong confirmation for Buys or Sells.