GBPJPY Technical Analysis 28.02.2023 1h chart

– Previous Daily candle closed Bullish at 164.160 respecting Daily Support formed on Friday 24th February and breaking above Daily Resistance formed on Wednesday 22nd February last week.
– Buys on close above 164.350 targeting 1h previous Support formed on 4th December 2022 at 164.850, Leaving Runners to the Weekly previous Support formed on 5 December 2022 at 165.060.
– Sells on close below 163.890 targeting Daily previous Resistance formed on Wednesday 22dn February 2022 at 163.520, Leaving Runners to the 1h Support formed at 163.220.
– As the Monthly candle coming to a close price could possibly range on Tuesday so it is really important to wait for confirmation before taking any positions.