GBPJPY Technical Analysis 28.03.2022 1h chart

Daily Resistance formed at 161.340 on Friday as price almost tapped into the Monthly Resistance from April 2016(+5year High), Ideally is to wait for some retracement on Higher Time Frame to at least 159.900 (Daily recent Support) to then retest the Highs at 161.440, this retracement would allow a bottom Weekly candle to form as this will increase the Probability of price continuing to break another recent High.
Pre NY Open Governor Andrew Bailey from the Bank Of England is due to speak about macroeconomics and financial stability at an online event hosted by Bruegel.