GBPJPY Technical Analysis 2nd May 2024 1h chart

– Wednesday Daily candle closed strong Bearish at 193.600 breaking out of the recent Daily range and forming Daily Resistance around 197.130. I’ll be looking for potential Buys above 194.380 targeting previous 4h Support around 195.110 and the previous 1h Support formed around 195.730. I’ll be looking for potential Sells below 193.180 targeting previous 4h Support formed around 192.420, Leaving Runners to 191.700 for a potential Daily Wick Fill. Price overall ranged throughout the session and only broken below within the last Hourly candle before Daily candle closed.