GBPJPY Technical Analysis 01.02.2023 1h chart – Previous Daily candle closed Bearish at 160.160 below recent Daily Support formed on Wednesday 25th January 2023, forming new Daily Resistance at 160.950. – 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.