GBPJPY Technical Analysis 13.06.2022 1h chart

– The previous Daily candle closed strong bearish at 165.420 and the Weekly closed Bullish just above the recent Weekly Resistance formed on 25.04.2022  leaving a potential wick to fill.
– Buys on close above 165.740 targeting 1h Resistance at 166.060 leaving Runners to the next 1 Resistance at around 166.600.
– Sells on close below 165.180 targeting 4h previous Resistance formed on (06.06.2022) at 164.440 leaving Runners to 1h Resistance at 164.000. Later in the week, we have an Interest Rate review from the Bank Of England forecasted to increase rates to 1.25% from 1.00%.