GBPJPY Technical Analysis 15.02.2023 1h chart

– Previous Daily candle closed Bullish at 161.970 breaking above the previous Daily Resistances formed on 29th December 2022, 24th, 27th and 31st January 2023 breaking the previous Monthly High.
– Buys on close above 162.170 targeting 1h previous Support formed on 13th October 2023 at 162.470, Leaving Runners to the 4h previous Support formed on 13th October 2023 at 162.830.
– Sells on close below 161.720 targeting 1h Support formed at 161.440, Leaving Runners to the next 1h Support formed at 161.200.
– We have High Impact News ahead for UK CPI y/y 1h before London open forecasting 10.3%, Previous was 10.5%.