GBPJPY Technical Analysis 06.05.2022 1h chart

GBPJPY Technical Analysis 06.05.2022 1h chart
Previous Daily candle closed strong Bearish with over 250 Pip move down from the candle flip as the Bank Of England raised Interest Rates from 0.75% to 1% due to High Inflation currently at 7% (BOE Target 2%).
Buys on close above 161.340 targeting 1h Previous Support at 161.910 leaving Runners to 30min Previous Support to correct some of the Bearish move down.
Sells on close below 160.730 targeting 1h Strong Support / 4h Support potentially filling the Daily bottom wick following Market Bearish Momentum at 160.430 leaving Runners to Daily Support at 159.940.