GBPJPY Technical Analysis 28.09.2022 1h chart

– Previous Daily candle closed Bullish at 155.380 forming Daily Support at 154.710, Overall price on Tuesday has been consolidating on the Hourly timeframe within a large range between 155.500 – 156.030 since Pre Asian session all the way through to the London close as price have retested the 4h recent Support.
– Buys on close above 155.540 as price breaks above 4h Support (Candle High) targeting 1h Strong Resistance at 156.030 leaving Runners to fill the previous Daily High at 156.360 as Daily have already formed Support.
– Sells on close below 155.090 targeting Daily Support formed this Tuesday at 154.710 leaving Runners to 1h Strong Support formed at 154.380.
– As the September Monthly candle and the end of Q3 2022 closing this Friday price may start to consolidate on the 4h / 1h timeframe so its really important to only take trades with confirmation and trade during high volume time  and to manage risk accordingly as planned.