GBPJPY Technical Analysis 29.12.2022 1h chart

– Previous Daily candle closed strong Bullish at 161.540 forming 4h Rejection wick at 162.350.
– Buys on close above 161.730 as price breaks above 4h Resistance formed during New York session, targeting 1h Resistance at 162.270, Leaving Runners to the 4h previous Support formed on 13th October 2022 at 162.820.
– Sells on close below 160.990 targeting 1h Support at 160.530, Leaving Runners to the next 1h Support at 160.280.
Low volume is expected within this week (Last trading week for 2022) so preferably not to take or force any trades and if you do, Make sure to manage risk, Analysis will be posted everyday as always to give traders a guide on where price could possibly go.