GBPJPY Technical Analysis 25.10.2022 1h chart

– Previous Daily candle closed Doji Bullish at 168.070 with huge bottom and top wick as a result of price intervention from Japan.
– Buys on close above 168.310 targeting 1h Resistance at 168.820, Leaving Runners to the Daily Resistance formed on the 18th October 2022 / 1h Strong Resistance at 169.240.
– Sells on close below 167.710 targeting 1h previous Resistance formed on 21st October 2022 at 167.710, Leaving Runners to the next 1h previous Resistance at 166.850.
– Despite the higher timeframe being Bullish (Monthly, Weekly and Daily) Sells are much cleaner to take than Buys as price have been consolidating on the Hourly timeframe holding Resistance.