GBPJPY Technical Analysis 02.09.2022 1h chart

– Previous Daily candle closed Bullish at 161.850 forming Daily Support at 161.480 as price rejects the 161 Key Level.
– Buys on a close above 161.870 as price breaks above the previous Daily High targeting 30min Resistance at 162.210 leaving Runners to the next strong 30min Resistance at 162.520.
– Sells on a close below 161.510 as price breaks through most recent Daily Support formed on Thursday targeting 1h Support at 161.220 leaving Runners to the next 1h Support at 161.010.
– So far the current Weekly candle has respected both the Highs and Lows of the previous Weekly candle.