GBPJPY Technical Analysis 09.12.2022 1h chart

– Previous Daily candle closed Bullish at 167.250 breaking above recent Daily Resistance.
– Buys on close above 167.350 targeting previous Daily Support formed on 27th November 2022 at 167.800, Leaving Runners to the 30min Resistance at 167.110.
– Sells on close below 166.760 targeting 30min Strong Support at 166.440, Leaving Runners to the 4h Support formed at 166.220.
– Despite the previous Daily candle closing Bullish breaking above recent Daily Resistance there is still a probability for price to fakeout and close back in the range, Small targets for both Buys and Sells until we have a clean price action formed.