GBPJPY Technical Analysis 17th June 2024 1h chart

– Previous Weekly candle closed weak Bullish around 199.670 closing below recent Weekly Resistance formed recently and Rejecting the upside. Friday Daily candle closed strong Bearish closing back within the Daily Range. I’ll be looking for potential Buys above 199.910 targeting recent Daily Resistance formed around 200.530 Leaving Runners to the 4h Resistance formed around 201.330. I’ll be looking for potential Sells below 199.160 targeting 4h Support formed around 198.660 Leaving Runners to the 1h previous Resistance formed around 198.100. Ideally is to allow the Asian session to form a new range for the Week ahead and wait for a strong Confirmation before taking positions as price comes back into the Daily Consolidation Zone.