GBPJPY Technical Analysis 16.02.2022 1h chart

– The Previous Daily candle closed small Bullish but still respected the Prior Daily High and Low, 1h before London open we have CPI m/m for the GBP and it is forecasted to stay the same(5.4%), based on the current Weekly candle and the Daily there is a Higher Probability for the price to retest the Daily Resistance at 157.210 and 4h Resistance at 157.590 As the Weekly previous low has been respected.