GBPJPY Technical Analysis 18.08.2022 1h chart

– Previous Daily candle closed small Bullish body candle with a 90 pip Rejection wick to the Daily Resistance area formed on (10.08.2022).
– Buys on close above 163.330 as price breaks the 4h strong Resistance area held during August targeting 30min Strong Resistance at 163.640 leaving Runners to 1h previous Support formed on (28.07.2022) at 164.180.
– Sells on close below 162.620 as price breaks the most recent 1h Support targeting 1h Strong Support at 162.280 leaving Runners to 1h previous Resistance formed on (15.08.2022) at 161.690.
– Buys can be risky with the current price action as there have been multiple Rejection wicks on Daily during August failing to break and close above 163.650 Despite the previous Daily candle closing Bullish, A much cleaner Sell would be below 162.280 as there is Clean Traffic on the left to mirror.