GBPJPY Technical Analysis 30.06.2022 1h chart

– Previous Daily candle closed Bearish at 165.500 respecting the Daily Support formed on 24.06.2022.
– Buys on a close above 165.980 targeting 30min Strong Resistance at 166.290 anticipating volume to fill those wicks during volume time, leaving Runners to 4h Resistance at 166.660.
– Sells on close below 165.380 as price breaks and close below Daily Support targeting 1h Support at 165.030 leaving Runners to the Weekly Support at 164.750.
– One more day until the current monthly candle closes so it’s super important to allow the price to consolidate and not rush into any trades when the price isn’t showing any confirmations to take a position as that could be due to low volume which we can already identify based on the Daily candle sizes.