GBPJPY Technical Analysis 28.07.2022 1h chart

– Previous Daily candle closed strong Bullish at 165.940 closing above Weekly Resistance, and Daily Resistance formed on (20.07.2022).
– Buys on close above 166.330 targeting 4h Resistance at 166.680 leaving Runners to next 4h Resistance at 167.100.
– Sells on close below 165.830 targeting 1h Support / 4h broken Resistance at 165.260 leaving Runners to 4h Support at 164.970.
– Current Weekly candle has broken above 2 Weekly Levels of Resistance ( 164.370 + 165.870 ) as the market structure of July has been forming Higher Highs and Higher Lows on the Daily timeframe and holding Support.