GBPJPY Technical Analysis 17.02.2022 1h chart

– Previous Daily candle closed Bullish above the previous 2 Rejection wicks (Daily) but the 4h Time Frame has been rejecting 157.000 which is the Weekly strong Resistance and the previous 4h Support formed on 11.02.2022.
For Buys, despite the clean traffic all the way to 157.610 from 157.000 on the Hourly and 30min Time Frame it is better to Secure some Positions around 157.210 which is the previous 1h Support and leave Runners to the 4h Resistance.
– For Sells, the Price Action on the left is choppy on the Hourly so it is ideal to look for small targets as shown on the chart. Also, the previous Daily candle closed Bullish and Daily Support has been formed at the beginning of the week so it’s better to follow the most recent trend of the Price Action.