GBPJPY Technical Analysis 21.10.2022 1h chart

– Previous Daily candle closed Bullish at 168.600 forming Daily Support at 168.150, Thursday Daily candle also broke the Highs and Lows of the Wednesday Daily candle as there was high volatility due to the British Prime Minister Liz Truss Resigning from her position.
– Buys on close above 168.800 targeting Daily / 4h Resistance formed at 169.200, Leaving Runners to the 30min Resistance at 169.640.
– Sells on close below 168.340 on the break of the recent 1h Support targeting 4h / 1h Support at 167.730, Leaving Runners to the next 1h Support at 167.350.
– Retail Sales m/m data for the UK Economy to be released at Pre London forecasting -0.5% / Previous : -1.6%, High Volatility expected at London open.