GBPJPY Technical Analysis 23rd May 2024 1h chart

– Wednesday Daily candle closed Bullish at 199.350 breaking above the weak Daily Resistance formed on Tuesday. I’ll be looking for potential Buys above 199.540 targeting Strong Key Level point of 200.000, Leaving Runners to 200.550 to fill the previous Monthly High for April. I’ll be looking for potential Sells below 199.000 targeting Hourly Support around 198.640 and 4h Support around 198.330. High Impact News ahead of the London session for the Pound Sterling.