GBPJPY Technical Analysis 14.09.2022 1h chart

– Previous Daily candle closed Bearish at 166.060 forming Daily Resistance at 166.860 and 4h holding a strong Resistance at 166.860.
– Buys on close above 166.530 targeting Daily / 4h Strong Resistance at 166.860 leaving Runners to 1h Resistance at 167.200.
– Sells on close below 166.010 on the break of the previous Daily Low targeting 1h Support at 165.640 leaving Runners to Monthly previous Resistance formed in July 2022 at 165.190.
– We have Strong Data Report for the UK Economy (CPI m/m) Forecasted at 10.0% / Previous : 10.1% and Core PPI (m/m) forecasted at 6.2% / Previous : 6.2%.