GBPJPY Technical Analysis 17.03.2023 1h chart

– Previous Daily candle closed Bullish at 161.890 forming Daily Support at 160.750 as the Thursday Daily made a low at 158.570 retesting Weekly and Monthly Support formed in January 2022.
– Buys on close above 162.120 targeting 15min Resistance at 162.600, Leaving Runners to the Daily Resistance formed on Wednesday at 163.090.
– Sells on close below 161.750 targeting 4h previous Resistance at 161.100, Leaving Runners to the Daily Support formed on Thursday at 160.750.
– The new price low tapped on Thursday at 158.570 could be the current Monthly candle forming bottom wick and retesting most recent Monthly Support.