GBPJPY Technical Analysis 24.11.2022 1h chart

– Previous Daily candle closed Bullish at 168.260 breaking the recent Daily Resistance formed on Tuesday 22nd November, Forming new Daily Support at 167.800.
– Buys on close above 168.360 targeting 4h Resistance at 168.860, Leaving Runners to the 1h Resistance at 169.290.
– Sells on close below 167.290 as price breaks below the 1h Strong Support targeting 4h Support at 167.530, Leaving Runners to the next 4h Support at 167.210.
– Price could possibly reject the previous Daily High again as that was Daily Resistance zone formed on 8th November 2022 and form a deeper pullback on the Daily timeframe.