GBPJPY 27/12/2022

Price after a huge bearish run, formed a small structure with a resistance at 160.984 & support at 160.121. so if price closes above the resistance then it might continue pushing up correcting some of the bearish run to retest 162.267 or all the way to 163.020.

And if price respects the resistance & closes below the recent support, then it might continue pushing down towards 159.442 or even below continuing the huge bearish run.