GBPJPY Technical Analysis 11.07.2022 1h chart

– Previous Weekly candle closed Doji bearish at around 163.640 respecting the Weekly Resistance at 165.880. although the current Monthly candle has formed a nice bottom wick grabbing Liquidity from the previous Monthly Lows.
– Buys on close above 163.930 targeting 15min Resistance at 164.400 leaving Runners to 30min previous strong Support formed on (05.07.2022) at 164.880.
– Sells on close below 163.230 targeting 30min Support at 162.850 leaving Runners to the next 30min Support at 162.330.
– Bank Of England Governor Andrew Bailey is due to testify on the Bank Of England Financial Stability Report before the Treasury Select Committee in London, We also have Bank Of Japan Governor Kuroda due to speak at the Branch Managers Meeting in Tokyo.