GBPJPY Technical Analysis 15.07.2022 1h chart

– Previous Daily candle closed Bullish at 164.250 above Daily Resistance formed on (05.07.2022) leaving a Rejection wick that could get filled within the current Daily Candle (Friday).
– Buys on close above 164.800 targeting 1h Strong Resistance at 165.250 leaving Runners to 4h Resistance at 165.630.
– Sells On Close Below 164.120 targeting 4h Support at 163.680 leaving Runners to 1h Strong Support at 163.280.
– Currently, the Weekly candle has respected the previous Weekly High and Low and the Daily timeframe has been holding higher timeframe Support for July from 7th and 13th.