GBPJPY Technical Analysis 23.12.2022 1h chart

– Previous Daily candle closed Bearish at 159.280 almost filling the current Weekly bottom wick.
– Buys on close above 159.430 targeting 4h previous Support at 159.700, Leaving Runners to the next 4h / 1h Resistance at 160.030.
– Sells on close below 158.910 as price breaks below 1h Support that was formed and held during the Thursday New York Stock Exchange session targeting Current Weekly Wick Fill at 158.600, Leaving Runners to the 15min Support formed on 29th September 2022 at 158.380.
– As price broke below the 4h consolidation between 159.430 to 160.030 there is a probability for the current Daily candle to retrace and retest the broken 4h Support to form the new Daily top wick.