GBPJPY Technical Analysis 20.03.2023 1h chart – Previous Weekly candle closed Bearish at 160.520 as price respected recent Weekly Resistance, Friday Daily candle also closed Bearish forming new Daily Resistance around 161.890. – Buys on close above 161.020 targeting 1h Resistance formed at 161.550, Leaving Runners to the Daily Resistance formed on Friday 17th March 2023 at 161.890. – Sells on close below 160.230 targeting 4h Support at 159.510, Leaving Runners to the 30min Support formed at 158.980. – If Daily Resistance formed on Friday respected price could possibly retest the Monthly Support around 158.400 filling the previous weekly bottom wick.