GBPJPY Technical Analysis 30.09.2022 1h chart

– Previous Daily candle closed strong Bullish at 160.550 retesting the broken Weekly Support formed on (05.09.2022).
– Buys on close above 161.030 targeting 1h Resistance at 161.740 leaving Runners to 4h previous Support formed on (22.09.2022) at 162.150.
– Sells on close below 160.590 targeting 1h previous Resistance at 159.910 leaving Runners to 30min Support at 159.300.
– As Q3 and Monthly candle closing this Friday it would much safer to secure positions when possible as there has been a lot of Volatility in the Market due to economic events, Current Monthly candle for September has made a High at 167.920 and made a Low at 146.820 tapping and Rejecting the Monthly strong Support held, There is a higher probability for the current Monthly candle to retest the Lows at 146.820.