GBPJPY Technical Analysis 02.03.2023 1h chart

– Previous Daily candle closed weak Bullish at 163.690 forming weak Daily Support at 163.590 as price tapped into Daily Resistance formed on Tuesday then rejected
– Buys on close above 163.850 targeting 4h Resistance at 164.260, Leaving Runners to fill the previous Daily High at 164.520.
– Sells on close below 163.360 targeting 4h Support at 163.000, Leaving Runners to the next 4h Support at 162.760.
– Despite the weak Daily Support that has been formed, price could possibly rejected the Daily Resistance again and break the current weekly candle low.