GBPJPY Technical Analysis 26.04.2023 1h chart

– Previous Daily candle closed Bearish at 165.860 forming new Daily Resistance at 167.540.
– Buys on close above 166.170 targeting 1h previous Support formed on Monday 24th April 2023 at 166.600, Leaving Runners to the 1h Resistance formed at 167.030.
– Sells on close below 165.560 targeting 30min Support formed at 165.190, Leaving Runners to the 1h Support formed at 164.680.
– Price may reject or consolidate above 165.500 as price consolidated previously on the 4h timeframe.