GBPJPY Technical Analysis 12th June 2024 1h chart

– Tuesday Daily candle closed small Bullish around 200.140 as price continues to range on the Daily timeframe with the 200 Strong Key Level. I’ll be looking for potential Buys above 200.400 targeting previous Weekly Support formed on 11th May 2008 around 200.920 Leaving Runners to the Weekly Low formed on 17th August 2008 around 201.640. I’ll be looking for potential Sells below 199.770 targeting 4h Support around 199.320 Leaving Runners to the next 4h Support around 198.670. High Impact News ahead of the Pre London session for the Pound Sterling for GDP m/m. Price Action has been extremely choppy from the Daily to the lower timeframe so ideally is to wait for a better confirmation.