GBPJPY Technical Analysis 27.09.2022 1h chart

– Previous Daily candle closed Bearish with a huge rejection wick at 154.700 leaving a huge Rejection wick at 148.640, Potentially the Bottom Rejection wick could be a wick fill within the next Monthly candle as the current Monthly candle is coming to a close Friday this Week.
– Buys on close above 154.950 targeting 30min previous broken Support at 155.750 leaving Runners to the 4h Resistance at 156.550.
– Sells on close below 153.540 as price breaks the 30min Support formed at London Session yesterday (Monday) targeting 30min previous Resistance at 152.200 leaving Runners to  the 1h Support formed at 151.120 closer to the Asian Session close.
– As Volume increases targets for Buys and Sells becomes large based on the Range formed on the Hourly and 30min timeframe, also the No Trade Zone could become much larger than expected as we adapt with the large volume coming in to the market and apply Risk Management when needed.