GBPJPY Technical Analysis 23.02.2023 1h chart

– Previous Daily candle closed Bearish at 162.420 forming Daily Resistance at 163.490 as the Wednesday Daily candle corrects part of the Bullish move that happened on Tuesday.
– Buys on close above 162.700 targeting 1h Resistance at 162.980, Leaving Runners to the 1h Resistance at 163.240.
– Sells on close below 162.250 targeting Daily previous Resistance formed on 15th February 2023 at 161.970, Leaving Runners to the 1h Support formed at 161.690.
– Sells are much easier to take than Buys as Daily Resistance has been formed, Volume may vary due Japanese Bank Holiday.