GBPJPY Technical Analysis 15.12.2021 1h chart

Price still in a Huge Consolidation on Lower and Higher Time Frame, The Buy Position at 150.690 planned based on price breaking above recent 4h Resistance and Sell Position at 150.270 based on the break of the 1h Most recent Support, even 1h Time Frame is getting Choppy and difficult to trade it as price holding Major Resistance on Daily Time Frame at 150.500 so i am looking at the next Higher Time Frame (4h) for Targets.

News : Consumer Price Index (CPI) y/y Review, Prev : 4.2% / Forecast : 4.8%, Current Inflation Rate Target is set at 2.0%.

News to be released at 07:00 AM GMT (1h Before London Open), Volatility expected at London Open.