GBPJPY Technical Analysis 31.08.2022 1h chart – Previous Daily candle closed Bearish at 161.730 forming Resistance at 162.350 as the price continue to consolidate on the higher timeframe. – Buys on close above 162.030 targeting Daily Resistance and 4h formed yesterday at 162.350 leaving Runners to Daily Resistance formed on (18.08.2022) and 4h Resistance at 162.650. – Sells on close below 161.500 as price breaks the previous Daily Low targeting 4h Support at 161.120 leaving Runners to 1h Support at 160.820. – Overall price on the Daily timeframe continues to consolidate as the Monthly candle is coming to a close.