GBPJPY Technical Analysis 29.06.2022 1h chart

– Previous Daily candle closed weak Bearish forming Resistance at 166.140 leaving 80+ Pip Rejection Wick to the upside.
– Buys on close above 166.090 targeting 1h Resistance at 166.450 leaving Runners to 30min Strong Resistance that was formed at Pre NY on Tuesday at 166.780.
– Sells on close below 165.720 targeting Daily / 1h Support at 165.460 leaving Runners to 4h Support at 165.180.
– Overall the higher timeframe is still holding Support around 165.400 on the Daily so a much safer Sells would be when the price close below Daily Support formed on (24.06.2022).
– Bank Of England Governor Andrew Bailey is due to participate in a panel discussion titled “Policy panel” at the European Central Bank Forum on Central Banking in Portugal at the New York Session (NY).