GBPJPY Technical Analysis 30.12.2022 1h chart

– Previous Daily candle closed Strong Bearish at 160.240 forming Daily Resistance at 161.540.
– Buys on close above 160.610 targeting 4h Resistance at 161.080, Leaving Runners to the 1h resistance at 161.320.
– Sells on close below 160.050 as price breaks below the previous Daily Low targeting 1h Strong Support at 159.660, Leaving Runners to the Daily Support formed on Friday 23rd December 2022 at 159.270.
Low volume is expected within this week (Last trading week for 2022) so preferably not to take or force any trades and if you do, Make sure to manage risk accordingly.