– Buys on close above 168.230 targeting 1h Resistance at 168.540, Leaving Runners to the next 1h Resistance at 168.800.
– Sells on close below 167.750 targeting 1h Support at 167.360 as previous Daily bottom wick get filled, Leaving Runners to the strong 1h Support formed at 166.750.
– Sells are likely to play out much better than buys, the confirmations we have is the previous Weekly candle closed Bearish forming Resistance, Previous Daily candle closed Bearish forming Daily Resistance as the Daily Support formed on 28th October was respected, the current move up on GBPJPY could be the current Weekly candle forming top wick before breaking the previous Weekly low and the main target we have is Daily Support that was formed on Friday 4th November 2022 at 163.380.