GBPJPY Technical Analysis 04.02.2022 1h chart

– Previous Daily candle closed Bullish just below the previous Daily Resistance formed on (18.01.2022) as the Bank Of England have increased Bank Rate to 0.50% from 0.25% to battle the rise in Inflation (Current Inflation : 5.4%). week is coming to a close price could possibly consolidate as price is trading within Strong Monthly Resistance around 156.000.