GBPJPY Technical Analysis 24.02.2023 1h chart

– Previous Daily candle closed Bearish at 161.710 as almost the entire Bullish move we’ve had from Tuesday related to Flash Manufacturing PMI and Flash Services PMI has been corrected.
– Buys on close above 162.150 targeting 30min previous Support formed at 162.590, Leaving Runners to the 4h Resistance formed at 162.830.
– Sells on close below 161.470 targeting 1h Support formed at 161.230, Leaving Runners to the next 1h Support formed at 161.030.
– As the Weekly candle retraced leaving a huge Rejection to the upside, will be interesting to see if the current Weekly candle closes Bullish to potentially have the next Weekly candle filling the current Weekly High.