GBPJPY Technical Analysis 16.11.2022 1h chart

– Previous Daily candle closed Bullish at 165.200, Price broke the previous Daily candle then retraced closing below 4h Resistance formed at 165.900.
– Buys on close above 165.380 on the break of the 15min Resistance targeting 4h Resistance at 165.910, Leaving Runners to the 4h previous Support formed on 10th November 2022 at 166.400.
– Sells on close below 164.760 on the break of the 4h / 1h major Support targeting 4h Support at 164.350, Leaving Runners to the next 4h Support at 163.970.
– We have CPI y/y news data report forecasted at : 10.7% previously was 10.1% news to be released 1hour before London session opens.