GBPJPY Technical Analysis 06.10.2022 1h chart

– Previous Daily candle closed Bearish at 163.850 forming Daily Resistance at 165.360 as predicted on Yesterday’s Analysis posted (GBPJPY Technical Analysis 05.10.2022 1h chart)  of price forming Daily Resistance as the Tuesday Daily candle closed within Weekly / Monthly Resistance.
– Buys on close above 163.980 as price break most recent 1h Resistance targeting 1h previous Support at 164.460, Leaving Runners to 4h Resistance formed at 164.910.
– Sells on close below 162.280 targeting 4h Support at 162.810, Leaving Runners to 30min Strong Support at 162.220.
– Sells would be good to play out for Price Action to have Wednesday candle wick to be filled and form a deeper pullback on the 4h timeframe to at least 161.900 to retest the 4h Strong  Resistance formed on 30th September 2022.
– Bank Of Japan Governor Kuroda due to speak at the Branch Mangers Meeting in Tokyo.