GBPJPY Technical Analysis 16.12.2022 1h chart

– Previous Daily candle closed Bearish at 167.800 forming Daily Resistance at 168.350 as Daily tapped into Daily Resistance formed on Tuesday this week then rejected.
– Buys on close above 167.990 targeting Daily / 1h Resistance at 168.320, Leaving Runners to the 1h Resistance at 168.670.
– Sells on close below 167.610 targeting 15min Support at 167.200, Leaving Runners to the 4h Support at 166.950.
– We have Retail Sales at Pre London session open forecasting 0.3% Previously was 0.6%. During London session we have Flash Manufacturing PMI and Flash Services PMI.