GBPJPY Technical Analysis 17.06.2022 1h chart

– Pevious Daily candle closed Bullish leaving huge rejection wick to the downside.
– Buys on close above 163.800 targeting 4h previous Support formed on (06.06.2022) at 164.230 leaving Runners to 30min Resistance at 165.100.
– Sells on close below 163.080 targeting Daily / 1h Support at 162.500 leaving Runners to 1h previous Resistance at 161.830.
– Bank Rate review at the Bank Of Japan forecasted to maintain rates at -0.10%.