GBPJPY Technical Analysis 19.12.2022 1h chart

– Previous Weekly candle closed Bearish at 165.980 forming Weekly Resistance at 167.360.
– Buys on close above 166.360 on the break of the 1h recent Resistance targeting 1h previous Support at 166.820, Leaving Runners to the 30min Resistance at 167.230.
– Sells on close below 165.800 targeting 1h Support at 165.450, Leaving Runners to the Daily Support formed on 5th December 2022 at 165.050.
– Overall the Weekly is ranging and the Monthly has formed a top wick and flipping bearish.