GBPJPY Technical Analysis 18.05.2022 1h chart

– Previous Daily candle closed Strong Bullish at 161.500 above Daily Resistance on the left around 11th March 2022.
– Buys on close above 161.860 targeting 4h previous Support formed on (05.05.2022) at 162.180 leaving Runners to 4h Resistance around 162.720.
– Sells on close below 161.000 targeting 15min Support at 160.420 leaving Runners to 1h Support at 159.700.
– We have High Impact News CPI y/y  and Core CPI y/y  at Pre London Session which is more likely to have more Volume.