GBPJPY Technical Analysis 24.10.2022 1h chart

– Previous Weekly candle closed small Bullish candle at 167.050 closing above the weekly Resistance that was held at 165.850 from 27th June 2022, However the previous Daily candle closed Strong Bearish forming Daily Resistance at 168.630.
– Buys on close above 167.090 targeting 4h previous Support formed on 20th October 2022 at 167.700, Leaving Runners to the Daily Resistance formed at 168.650.
– Sells on close below 166.150 on the break of the 1h Support targeting 4h Support at 165.740, Leaving Runners to the 1h Support at 165.200.
– High Impact News for the UK Economy Flash Manufacturing PMI and Flash Services PMI after London Open.