GBPJPY Technical Analysis 18.07.2022 1h chart

– Previous Weekly candle closed Bullish at 164.300 as price have been retracing and rejecting below 163.660, However the Daily on Friday has had less volume therefor the Targets for Buys and Sells have remained the same.
– Buys on close above 164.170 targeting 1h Resistance at 165.030 leaving Runners to Daily previous Support that was formed on (24.06.2022) at 165.410.
– Sells on close below 164.110 targeting 4h Support at  163.680 leaving Runners to 1h Strong Support at 163.280.
– Monday Bank Holiday for Japan in observance of Marine Day, We also have MPC Saunders speaking at the Event at Resolution Foundation.