GBPJPY Technical Analysis 16.09.2022 1h chart

– Previous Daily candle closed strong Bearish at 164.450 as the price continues the Bearish momentum.
– Buys on close above 164.750 targeting 1h Resistance at 165.080 leaving Runners to 4h Resistance at 165.380.
– Sells on close below 164.260 as price breaks the 4h Support formed on (07.09.2022) targeting Daily previous Rejection area at 163.860 leaving Runners to 4h previous Resistance formed on (09.08.2022) at 163.480.
– We have Retail Sales for the UK Economy forecasting: -0.5% / Previous: 0.3%, News data to be released 1h before London Open.