GBPJPY Technical Analysis 28.06.2022 1h chart

– The previous Daily candle closed Bullish at 166.150 but the price has been ranging between 165.900 – 166.500 since London Open.
– Buys on a close above 166.500 targeting 1h Resistance at 166.840 leaving Runners to 1h Strong Resistance at 167.200.
– Sells on close below 165.910 targeting Daily / 1h Support at 165.460 leaving Runners to 4h Support at 165.180.
– As the current Monthly candle and the second quarter of 2022 comes to a close in 3 days price could possibly consolidate on the HTF below the Daily Resistance at 167.700, so waiting for confirmations and applying Risk Management is a Must.