GBPJPY Technical Analysis 01.09.2022 1h chart

– Previous Daily candle closed Bearish at 161.490 respecting Daily Resistance formed at 162.360 formed on Tuesday.
– Buys on a close above 161.610 targeting 1h Strong Resistance at 161.840 leaving Runners to the 30min Resistance at 162.210.
– Sells on a close below 161.090 as price breaks the 1h Strong Support targeting Daily Support at 160.690 leaving Runners to the 4h Support at 160.360.
– The August Monthly candle closed Bearish with a small body respecting the Monthly Resistance formed in July, August overall on the Daily has consolidated between 160.500 and 163.150 in a downtrend.