GBPJPY Technical Analysis 17.03.2022 1h chart

Previous Daily candle closed Strong Bullish after tapping Daily Resistance formed on 23.02.2022 with almost 200 Pip move up from 154.260 to 156.130, the 156 level is a strong Weekly Resistance from 21.02.2022, more likely the rate hike for the Pound Sterling has been priced in by investors from the beginning of the week (Market Open) as when taking a look back on the chart we see Strong Bull pushes with hardly any pullbacks on the HTF.
Current Bank Rate : 0.50% / Forecast : 0.75%