GBPJPY Technical Analysis 23.03.2022 1h chart

Previous Daily candle closed Bullish after strong 300+ Pip move to the upside breaking 5Year High as price taps strong Monthly Resistance from June 2016.
We have some Important news events to look out for tomorrow for the UK starting with CPI y/y Forecasted at 6.0% (Previous: 5.5%) at London Open then we have Bank Of England Governor Andrew Bailey due to participate in a virtual discussion at the Bank for International Settlements Innovation Summit joined by Chair Powell from the Federal Reserve.
The price moved 67 Pips within 1st hour of the new Daily open and didn’t even get a chance to finish the breakdown hence why the breakout already happened before the Analysis was finalized.