GBPJPY Technical Analysis 13.07.2022 1h chart

– Previous Daily candle closed Bearish at 162.640 as the price tapped the most recent Daily Support that was formed on (07.07.2022) exactly as mentioned on Yesterday’s Analysis (GBPJPY Technical Analysis 12.07.2022 1h chart) and respecting the Daily Resistance formed on Monday (11.07.2022).
– Buys on close above 163.030 targeting 4h Resistance at 163.370 leaving Runners to Daily Resistance at 163.640.
– Sells on close below 162.510 targeting 30min Support at 162.130 leaving Runners to the 30min Support at 161.840.
– We have Gross Domestic Product (GDP) m/m data to be released 1h before London Open forecasting 0.1% (Previous:-0.3%) followed by a few other Low Impact News Data for Construction Output m/m, Goods Trade Balance, Index of Services 3m/3m, Industrial Production m/m, Manufacturing Production m/m.