GBPJPY Technical Analysis 08.11.2022 1h chart

– Previous Daily candle closed Strong Bullish at 168.730 tapping into Daily Support formed on 28th October 2022 as price respected Daily Support formed on 4th November 2022 at 165.380.
– Buys on close above 169.080 on the break of the previous Daily High targeting 4h previous Support formed on 2nd November 2022 at 169.440, Leaving Runners to the 4h Resistance at 169.850.
– Sells on close below 168.530 targeting 4h previous Resistance formed on 3rd November 2022, Leaving Runners to the 1h Support formed at 167.730.

– Although current trend remain Bullish price could reject the 169.450 area as 4h timeframe has consolidated previously.