GBPJPY Technical Analysis 27.06.2022 1h chart

– Previous Weekly candle formed Support at 164.750 closing above the most recent Weekly Resistance leaving a huge Rejection wick to the Upside, Also the Friday Daily candle formed minor Support at 165.400.
– Buys on close above 166.300 targeting 1h Resistance at 166.840 leaving Runners to 30min previous strong Resistance at 167.140.
– Sells on close below 165.750 targeting Daily Support at 165.400 leaving Runners to 1h Support at 165.020.
– Ideally is to allow the Asian session to form some recent Price Action to then determine if volume gunna push the price to close above for the Buys to play out to possibly have a retest on the Daily to 167.730 (Daily Resistance), Or for the price to close below for the Sells to play out breaking out off the 1h Consolidation between 165.750 to 166.300.