GBPJPY Technical Analysis 13.03.2023 1h chart

– Previous Weekly candle closed Bearish at 162.530 forming Weekly Resistance at 163.460, The previous Daily candle closed weak Bullish with a huge Rejection wick to the upside
– Buys on close above 162.660 targeting 1h previous Support at 163.090, Leaving Runners to the Daily Resistance formed on 2nd March 2023 at 163.700.
– Sells on close below 161.950 targeting Daily / 4h Support formed at 161.650, Leaving Runners to the 4h Support at 161.290.
– A further pullback to at least 160.860 where most recent Weekly Resistance was formed.