GBPJPY Technical Analysis 07.09.2022 1h chart

– Previous Daily candle closed Strong Bullish at 164.480 breaking through multiple levels on the higher timeframe including the Monthly Resistance formed in July 2022.
– Buys on close above 164.720 targeting 1h Resistance / Daily Wick Fill at 165.100 leaving Runners to the 30min Resistance at 165.580.
– Sells on close below 164.000 on the break of the 1h Support formed at Pre New York Session Open targeting 15min Support (Candle Low) at 163.650 leaving Runners to Daily Previous Resistance formed on (10.08.2022) at 163.180.
– We have Monetary Policy Report Hearings by the Bank Of England Governor Andrew Bailey and the MPC Members at the UK Parliament 2h after London Open.