GBPJPY Technical Analysis 17.02.2023 1h chart

– Previous Daily candle closed Bearish at 160.520 respecting Daily Resistance formed on Wednesday 15th February 2023.
– Buys on close above 160.850 targeting 1h Resistance at 161.210, Leaving Runners to the next 1h Resistance formed at 161.460.
– Sells on close below 160.160 targeting 4h previous Resistance formed on 6th February 2023 at 159.730, Leaving Runners to the Daily previous Resistance formed on 10th February 2023 at 159.380.
– We have Retail Sales m/m data 1hour before London session opens forecasting -0.3%, previously was -1.0%.