GBPJPY Technical Analysis 5th June 2024 1h chart

– Tuesday Daily candle closed Bearish at 197.720 breaking out of the recent Daily Range. I’ll be looking for potential Buys above 198.150 targeting 1h previous Support formed on 30th May 2024 around 198.800 and 4h previous Support around 199.300. I’ll be looking for potential Sells below 197.200 targeting Daily Support formed around 196.480 and Hourly Support around 195.930. decent pullback on the Daily allowing the Monthly candle for June to form the bottom wick, There is a good probability for price to form Daily Support as price taps into previous Daily Resistance area around 197.200.