GBPJPY Technical Analysis 09.08.2022 1h chart

GBPJPY Technical Analysis 09.08.2022 1h chart
– Previous Daily candle closed weak Bullish at 163.010 as the price almost filled the previous Weekly top wick.
– Buys on close above 163.180 targeting 4h Resistance / 15min strong Resistance at 163.500 leaving Runners to 30min Resistance to fill the previous Daily top wick at 163.840.
– Sells on close below 162.580 as price breaks the 4h recent Support targeting Weekly Support at 162.270 leaving Runners to Monthly Support formed in June 2022 at 161.990.
– Choppy price action for Buys on the 1h and 30min so ideally is to wait for volume time and strong confirmation to take entries and manage risk accordingly.