GBPJPY Technical Analysis 25.08.2022 1h chart

– Previous Daily candle closed Doji Bearish candle making it a 3rd Daily Candle closing back where it opened since Monday this week and price continues to form Lower Highs and Lower Lows on the 4h timeframe.
– Buys on close above 161.820 on the break of the 4h Strong Resistance targeting 1h Resistance at 162.020 leaving Runners to 4h Strong Resistance at 162.370.
– Sells on close below 161.490 on the break of the 30min Strong Support formed after London Close (Wednesday) targeting 15min Support at 161.180 leaving Runners to 30min Strong Support at 160.960.
– The daily timeframe is still consolidating and closing back in the Range and 4h timeframe is holding a major Resistance at 161.820, As price ranging it is ideal to look for small targets until we have a candle closing Strong Bullish above 161.820 or Daily wick fill for all the 3 Daily bottom wicks from Monday, Tuesday and Wednesday.