GBPJPY Technical Analysis 22.03.2023 1h chart

– Previous Daily candle closed Bullish at 161.790 tapping into the previous Daily Support formed on 14th March 2023 then rejected and closed back within the Daily Range.
– Buys on close above 162.150 targeting 1h previous Support formed on 14th March 2023 at 162.810, Leaving Runners to the Daily Resistance formed on 15th March 2023 at 163.130.
– Sells on close below 161.360 targeting 1h Support at 161.070, Leaving Runners to the 4h Support formed at 160.800.
– CPI y/y data report to be released 1h before London open forecasting 9.9% / Previous : 10.1%, High volatility expected during Pre London / London open session.