GBPJPY Technical Analysis 20.12.2022 1h chart

– Previous Daily candle closed Bullish at 166.260 as the price slipped by 87 Pips down at market open from where price closed on Friday.
– Buys on close above 166.420 targeting 1h Resistance at 166.710, Leaving Runners to the 4h Resistance at 167.040.
– Sells on close below 165.930 targeting 30min Strong Support at 165.580, Leaving Runners to the Daily Support formed at 165.050.
– We have High Impact News event for the Japanese Yen during the Asian Session, Bank Of Japan forecasted to maintain rates at -0.10%.