GBPJPY Technical Analysis 09.03.2023 1h chart

– Previous Daily candle closed Bullish at 162.570 forming Daily Support at 162.150.
– Buys on close above 162.980 targeting 1h Resistance at 163.380, Leaving Runners to the 4h Resistance formed at 163.750.
– Sells on close below 162.720 targeting 1h Support formed at 161.930, Leaving Runners to the Daily / 4h Support formed at 161.700.
– Despite the Daily candle formed Support on Wednesday price could drop more as we still have clean traffic on the left on the Weekly timeframe.