GBPJPY Technical Analysis 09.01.2023 1h chart

– Previous Weekly candle closed Bullish at 159.650 forming Weekly Support at 158.420, The Friday Daily candle also closed Bullish below Daily Resistance formed on Thursday 5th January 2023 at 159.800
– Buys on close above 160.010 targeting 30min Resistance at 160.370, Leaving Runners to the 1h Resistance at 160.610.
– Sells on close below 159.370 targeting 4h Support at 159.050, Leaving Runners to the Daily Support formed on Friday 6th January 2023 at 158.770.
– Monday we have Japanese Bank Holiday, Banks will be closed in observance of Coming-of-Age Day, this event shouldn’t affect trading volume during London and New York session.