GBPJPY Technical Analysis 4th June 2024 1h chart

– Monday Daily candle closed Bearish at 199.810 as price continues to range with the recent Daily Range bewteen 198.750 – 200.500 level, forming Daily Resistance around 200.060. I’ll be looking for potential Buys above 200.060 targeting 4h Resistance around 200.620 leaving Runners to the potential Key Level around 201.000. I’ll be looking for potential Sells below 199.180 targeting 1h Support formed around 198.740 and 4h Support around 198.340. Ideally is to wait for price to break out of the current Consolidation Zone during high volume time.