GBPJPY Technical Analysis 17.08.2022 1h chart

-Previous Daily candle closed strong Bullish at 162.400 forming Daily Support at 160.680 as Daily made a low at 160.100 rejecting the 160 Key Level. the 160 Level is becoming a major rejection point on the Monthly, Weekly, and Daily over Q3 2022.
– Buys on close above 162.710 targeting 1h previous Strong Support from (10.08.2022) at 163.060 leaving Runners to 1h Resistance at 163.460.
– Sells on close below 162.140 targeting 1h previous Resistance from (15.08.2022) at 161.690 leaving Runners to 30min Support at 161.280.
– We have High Impact News for the UK Economy at Pre London Market open (1h before), CPI y/y forecasting higher inflation at 9.8%/ Previous: 9.4%.