GBPJPY Technical Analysis 21.06.2022 1h chart

– Previous Daily candle closed Bullish with a small body candle due to lack of volume in the market as price consolidated on the Hourly timeframe and respected the 4h Resistance that was formed on Friday (17.06.2022).
– The No Trade Zone is much larger than the Take Profits shown on the current Analysis for both Buys and Sells as price need to break out of the 4h recent Consolidation.
– Buys on close above 165.800 targeting 30min Resistance at 166.180 leaving Runners to 1h Resistance at 166.620.
– Sells on close below 165.010 targeting 1h Strong Support that was held during Friday and yesterday’s trading Sessions at 164.590 leaving Runners to 30min Support at 164.070.