GBPJPY Technical Analysis 03.03.2023 1h chart

– Previous Daily candle closed Bearish at 163.280 forming Daily Resistance at 163.690 as the Weekly candle forming a Rejection wick to the upside.
– Buys on close above 163.490 targeting 1h Resistance at 163.700. Leaving Runners to the 30min Resistance formed at 163.930.
– Sells on close below 163.000 targeting 1h Support at 162.700, Leaving Runners to the next 1h Support at 162.290.
– Overall the Weekly candle forming a Rejection wick to the upside, Sells are much cleaner than Buys as Daily Resistance formed on Thursday.