GBPJPY Technical Analysis 10.01.2023 1h chart

– Previous Daily candle closed Bullish at 160.640 respecting the Daily Support formed on Friday 6th January 2023 and breaking above the recent Daily Resistance formed at 159.800 on 5th January 2023.
– Buys on close above 161.060 as price breaks above 4h Resistance formed on Monday at London Session targeting 1h Resistance at 161.330, Leaving Runners to the 4h Resistance at 161.700.
– Sells on close below 160.310 targeting 4h previous Resistance formed on 4th January 2023 at 160.000, Leaving Runners to the 4h Support at 159.590.
– Bank Of Japan Kuroda due to participate in a panel discussion titled ” Central bank independence and new risks: climate ” at the Riksbank’s International Symposium on Central Bank Independence, in Stockholm during the London Session.