GBPJPY Technical Analysis 14.02.2023 1h chart

– Previous Daily candle closed strong Bullish at 160.630 breaking the the Daily Resistance formed on Tuesday the 7th and Friday the 10th February, forming new Daily Support at 158.180.
– Buys on close above 161.180 targeting 4h Resistance at 161.400, Leaving Runners to the 1h Resistance formed at 161.700.
– Sells on close below 160.410 targeting 4h previous Support formed on 1st February 2023 at 160.030, Leaving Runners to the 1h Support at 159.600.
– We have Claimant Count Change and Average Earnings Index 3m/y data to be released 1h before London open.