GBPJPY Technical Analysis 04.10.2022 1h chart

– Previous Daily candle closed strong Bullish at 163.650 closing within Daily Resistance formed on 20th September 2022.
– Buys on close above 163.900 as price breaks above the previous Daily High targeting 1h Resistance at 164.330, Leaving Runners to 4h previous Support formed on 9th September 2022 at 164.770, 1h Resistance was also formed on 15th September 2022 at 164.770.
– Sells on close below 163.380 as price close back below 1h Resistance formed yesterday after London Close targeting 1h Support at 162.850 leaving Runners to 1h / 30min Strong Support formed at 162.230.
– Price could possibly reject the Range between 162.850 and 162.230 as this Range was a consolidation Zone from Pre London to New York Stock Exchange Open (Monday).