GBPJPY Technical Analysis 11.11.2022 1h chart

– Previous Daily candle closed Bearish at 165.050 breaking below Daily Support formed on Friday 4th November 2022 at 165.380, Exactly as planned earlier on the week.
– Buys on close above 165.920 targeting 4h previous Support formed at 166.430, Leaving Runners to the 1h Resistance at 166.930.
– Sells on close below 165.010 on the break of the most recent 1h Support targeting 15min Support at 164.500, Leaving Runners to the next 15min Support at 163.740.
– We have High Impact New data for GDP (Gross Domestic Product) m/m forecasted at -0.4%, Previously was -0.3%, Prelim GDP q/q forecasted at -0.5% , Previously was 0.2% News to be released at Pre London open.