GBPJPY Technical Analysis 15.12.2022 1h chart

– Previous Daily candle closed Bullish at 168.370 forming Daily Support at 167.640 closing below recent Daily Resistance formed at 168.820.
– Buys on close above 168.380 targeting Daily Resistance at 168.820, Leaving Runners to the 30min Resistance at 169.200.
– Sells on close below 167.640 targeting 15min Support at 167.200, Leaving Runners to the 4h Strong Support at 166.730.
– High Impact News day ahead for the Pound Sterling on the Bank Rate review. We have MPC Official Bank Rate Votes, Monetary Policy Summary and the Bank Rate forecasted at : 3.50% previously was 3.00%, All news to be released at Pre New York Session opens.