GBPJPY Technical Analysis 23.05.2023 1h chart – Previous Daily candle closed Bullish at 172.320 forming new Daily Support at 171.680 as price breaks above the Daily Resistance formed last Friday. – Buys on close above 172.500 targeting Weekly Resistance formed at 172.900, Leaving Runners to the 4h Resistance formed on 3rd February 2016 at 173.300. – Sells on close below 172.050 targeting 30min Support at 171.740, Leaving Runners to the 4h Support formed at 171.460. – High Impact News for the Pound Sterling during the London session for Flash Manufacturing PMI and Flash Services PMI.