GBPJPY Technical Analysis 13.01.2023 1h chart

– Previous Daily candle closed strong Bearish at 157.770 with 270 Pip drop from the Wednesday Daily Low, forming Daily Resistance at 160.860.
– Buys on close above 158.190 targeting 1h Resistance at 158.640, Leaving Runners to the 30min Resistance at 158.960.
– Sells on close below 157.720 targeting 1h Support at 157.340, Leaving Runners to the Daily Support formed at 156.730.
– High impact news ahead for the GBP at Pre London Open for GDP m/m forecasted at : -0.2% / Previous : 0.5%.