GBPJPY Technical Analysis 26.07.2022 1h chart

– Previous Daily candle closed Bullish at 164.500 forming Daily Support at 163.230.
– Buys on a close above 165.090 targeting 4h previous Support formed on (21.07.2022) at 164.430 leaving Runners to Weekly / 4h Resistance at 165.870.
– Sells on close below 164.290 targeting 1h previous Resistance formed on (22.07.2022) at 163.870 leaving Runners to Daily / 4h Support formed at 163.230.
– Currently, the price consolidating on the Weekly timeframe rejecting the Weekly Resistance formed on (27.06.2022) and also holding Daily Support, also price could possibly consolidate as the Monthly comes to a close this week.