GBPJPY Technical Analysis 30.11.2022 1h chart

– Previous Daily candle closed Bearish at 165.750 with a small body candle as price ranged within the 4h timeframe.
– Buys on close above 166.130 as price close above 4h recent Resistance targeting 1h Strong Resistance at 166.440, Leaving Runners to the 1h previous Support formed at 166.870.

– Sells on close below 165.530 on the break of the previous Daily candle low and the 4h recent Support targeting 4h Support at 165.200, Leaving Runners to the 1h Strong Support at 164.770.
– As the current Weekly Resistance being Bearish, there is a hgher probability for price to retest the Weekly / Daily Support at 164.140 formed on Monday 14th November 2022.