GBPJPY Technical Analysis 18.11.2022 1h chart

– Previous Daily candle closed small body Bullish candle at 166.290 respecting the previous Daily High with over 100 Pip Rejection wick to the downside.
– Buys on close above 166.400 on the break of the previous Daily candle high targeting 4h / 1h Resistance formed at 166.900, Leaving Runners to the 1h previous Support formed on 8th November 2022.
– Sells on close below 165.990 on the break of the 4h candle low targeting 1h Support at 165.570, Leaving Runners to the 4h / 1h Support formed at 165.180.
– Retail Sales  m/m data report for GBP forecasted at 0.5% / Previous : -1.4%, data to be released 1h before London Session Opens.