GBPJPY Technical Analysis 15.08.2022 1h chart

– Previous Weekly candle closed Bearish at 161.900 forming Weekly Resistance at 162.950, The previous Daily candle also closed Bearish but overall Price Action on the Hourly timeframe has ranged.
– Buys on close above 162.370 targeting 1h Resistance at 162.680 leaving Runners to Weekly Resistance formed last week.
– Sells on close below 161.800 targeting 4h Support at 161.420 leaving Runners to Daily / 1h Support at 161.160.
– Overall this week Sells could still potentially play out to fill the Weekly bottom wick from the beginning of August.