GBPJPY Technical Analysis 07.07.2022 1h chart

– Previous Daily candle closed Bearish at 161.980 leaving a huge wick to the downside that could potentially get filled at 160.380 with the Thursday candle.
– Buys on close above 162.410 targeting 30min previous Support formed on (01.07.2022) at 162.940 leaving Runners to 4h previous Support formed on (04.07.2022) at 163.330.
– Sells on close below 161.830 targeting 1h Support at 161.500 leaving Runners to 4h Support at 160.800.
– The new current Weekly candle has already broken the previous Weekly Low but still respecting June Monthly Low.