GBPJPY Technical Analysis 10.03.2023 1h chart

– Previous Daily candle closed Bearish at 162.250 as Daily candle rejects Daily Support formed on 24th February 2023.
– Buys on close above 162.650 targeting 1h Resistance at 162.980, Leaving Runners to the next 1h Resistance formed at 163.380.
– Sells on close below 162.140 targeting 15min Support formed at 161.880, Leaving Runners to the 4h Support formed at 161.610.
– We have High Impact News data ahead for the Japanese Yen and the news to look out for are : Monetary Policy Statement, BOJ Policy Rate and BOJ Press Conference over the Asian session, Pre London we have GDP m/m for the GBP, High volatility expected during news release.