![](../../../../wp-content/uploads/2023/01/GBPJPY-Technical-Analysis-01.02.2023-1h-chart.png)
– Buys on close above 160.550 targeting 1h Strong Resistance at 160.770, Leaving Runners to the 1h Resistance at 161.150.
– Sells on close below 159.920 targeting 1h Support at 159.600, Leaving Runners to the next 1h Support at 159.340.
– Previous Monthly candle closed Bullish forming Monthly Support at 158.430, However the Daily has formed Resistance and the next target area for Sells on the higher timeframe would be 159.060.